Market Report From John & Johanne (Gosselin) Sabia

Fort Lauderdale, FL

Condos/Townhomes

Coldwell Banker | 954.850.2397



Fort Lauderdale, FL

Tue Jul 05 2022
This week the median list price for Fort Lauderdale, FL is $555,000 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has increased to 434. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Fort Lauderdale, FL

Tue Jul 05 2022
This week the median list price for Fort Lauderdale, FL is $555,000 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has increased to 434. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Fort Lauderdale market.
Median List Price $555,000
Median Price of New Listings $375,000
Per Square Foot $458
Average Days on Market 79
Median Days on Market 35
Price Decreased 21%
Price Increased 4%
Relisted 4%
Inventory 434
Median Rent
Market Action 55
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,895,000 2,380 0 - 4,500 sqft 3 3.5 15 11 6 56
$799,000 1,500 0 - 4,500 sqft 2 2 26 13 15 35
$424,900 1,135 0 - 4,500 sqft 2 2 44 28 22 28
$235,000 950 0 - 4,500 sqft 2 2 41 37 33 14