Market Report From John & Johanne (Gosselin) Sabia

Fort Lauderdale, FL

Single-Family Homes

Coldwell Banker | 954.850.2397



Fort Lauderdale, FL

Tue Jul 05 2022
This week the median list price for Fort Lauderdale, FL is $899,000 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has increased to 519. 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.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Fort Lauderdale, FL

Tue Jul 05 2022
This week the median list price for Fort Lauderdale, FL is $899,000 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has increased to 519. 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.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Fort Lauderdale market.
Median List Price $899,000
Median Price of New Listings $705,000
Per Square Foot $442
Average Days on Market 61
Median Days on Market 28
Price Decreased 34%
Price Increased 6%
Relisted 7%
Inventory 519
Median Rent
Market Action 53
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 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
$5,199,000 4,845 0.25 - 0.5 acre 5 5 20 14 6 56
$1,399,499 2,558 8,000 - 10,000 sqft 4 3 57 26 18 24
$650,000 1,777 6,500 - 8,000 sqft 3 2 62 24 22 21
$378,500 1,346 6,500 - 8,000 sqft 3 2 58 32 22 21