HOMESbyRP of eXp Realty / Richard Pearrell

Fort Lauderdale, FL

Single-Family Homes

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


Fort Lauderdale, FL

Thu Apr 25 2024
This week the median list price for Fort Lauderdale, FL is $1,019,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 979. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Fort Lauderdale, FL

Thu Apr 25 2024
This week the median list price for Fort Lauderdale, FL is $1,019,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 979. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Fort Lauderdale market.
Median List Price $1,019,000
Median Price of New Listings $895,000
Per Square Foot $527
Average Days on Market 121
Median Days on Market 70
Price Decreased 41%
Price Increased 4%
Relisted 10%
Inventory 979
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
$4,699,500 4,211 0.25 - 0.5 acre 5 5 21 11 5 129
$1,400,000 2,254 8,000 - 10,000 sqft 4 3 61 20 3 63
$750,000 1,621 6,500 - 8,000 sqft 3 2 64 22 6 56
$435,000 1,234 6,500 - 8,000 sqft 3 2 64 22 9 49