Market Report From John & Johanne (Gosselin) Sabia

Fort Lauderdale, FL

Condos/Townhomes

Coldwell Banker | 954.850.2397


Fort Lauderdale, FL

Tue Jun 06 2023
This week the median list price for Fort Lauderdale, FL is $495,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 817. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Tue Jun 06 2023
This week the median list price for Fort Lauderdale, FL is $495,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 817. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $495,000
Median Price of New Listings $430,000
Per Square Foot $439
Average Days on Market 104
Median Days on Market 63
Price Decreased 31%
Price Increased 3%
Relisted 6%
Inventory 817
Median Rent
Market Action 36
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
$1,612,500 2,130 0 - 4,500 sqft 3 2.5 15 11 12 91
$672,500 1,382 0 - 4,500 sqft 2 2 47 19 20 70
$376,500 1,036 0 - 4,500 sqft 2 2 50 26 21 63
$235,500 863 0 - 4,500 sqft 2 1.5 45 16 19 42