HOMESbyRP of eXp Realty / Richard Pearrell

Fort Lauderdale, FL

Single-Family Homes

GRI REALTOR® in DC, MD, VA & FL with eXp Realty, LLC / Richard@HOMESbyRP.com / (301) 991-7061 / https://HOMESbyRP.com/


Fort Lauderdale, FL

Mon Dec 04 2023
This week the median list price for Fort Lauderdale, FL is $947,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has increased to 864. Click here to stay informed with the Fort Lauderdale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Fort Lauderdale, FL

Mon Dec 04 2023
This week the median list price for Fort Lauderdale, FL is $947,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has increased to 864. Click here to stay informed with the Fort Lauderdale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Fort Lauderdale market.
Median List Price $947,000
Median Price of New Listings $639,950
Per Square Foot $527
Average Days on Market 116
Median Days on Market 60
Price Decreased 39%
Price Increased 3%
Relisted 9%
Inventory 864
Median Rent
Market Action 33
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,500,000 4,165 0.25 - 0.5 acre 5 4.5 18 4 6 98
$1,398,000 2,197 8,000 - 10,000 sqft 4 3 58 11 3 56
$699,000 1,566 6,500 - 8,000 sqft 3 2 65 15 13 56
$424,950 1,228 6,500 - 8,000 sqft 3 2 60 18 21 49