Single-Family Homes
Sat Apr 20 2024
This week the median list price for Fort Lauderdale, FL 33316 is $3,372,500 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has increased to 64.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Median List Price | $3,372,500 | |
Median Price of New Listings | $12,499,000 | |
Per Square Foot | $1,203 | |
Average Days on Market | 179 | |
Median Days on Market | 137 | |
Price Decreased | 38% | |
Price Increased | 3% | |
Relisted | 9% | |
Inventory | 64 | |
Median Rent | ||
Market Action | 26 | |
Slight Buyer's Advantage |
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$19,947,500 | 7,806 | 0.25 - 0.5 acre | 6 | 7.3 | 1 | 1 | 0 | 164 |
$5,749,500 | 4,097 | 8,000 - 10,000 sqft | 4 | 4.8 | 21 | 0 | 2 | 164 |
$2,670,000 | 2,879 | 6,500 - 8,000 sqft | 4 | 3.5 | 69 | 0 | 0 | 87 |
$1,485,000 | 1,780 | 6,500 - 8,000 sqft | 3 | 2 | 72 | 0 | 1 | 112 |