SFH; SIngle Family Homes APRIL numbers:
2020 closed sales 985 –> 2021 sales 1782 (+80%) 20212020 Median sales price from 382k –> 464k (+21.5%) 2021
2020 Inventory (active listings) from 5,031 –> 2094 (-58%) 20212020 Months supply of inventory 3.9 % –> 1.4% (-64.1%) 2021
A balanced market is 6 months of inventory for Buyers & Sellers In recent years its always been pretty low in Broward 4-5 months. But at 1.4% thats crazy. Finding homes for Buyers is tough. The very best Buyers (meaning cash or appraisal waivers) get the majority of the homes. Competing against hedge funds doesn’t help either, they are shopping too!
