2021 Fort Lauderdale in Review

Want to know how the Fort Lauderdale, Florida real estate market is doing? In this 2021 Year in Review Housing Report, we’re looking at home sales in Fort Lauderdale in 2021 compared to 2020 and how the market performed in that area.

Home Sales Up 51.7% + Prices Up 28.9%

As of December 31, 2021, Fort Lauderdale home sales were up 51.7% over 2020. There were 5,742 sales in 2021 over 3,786 in 2020. Prices increased by 28.9% now at $890,302 over 2020 when prices averaged $690,826. These metrics include single families and condos. The categorical breakdowns are listed in the infographic above.

Homes Listed in Fort Lauderdale:

In 2021, there were 5,854 Fort Lauderdale homes listed on the market, up 0.2% over 2020 when 5,845 were listed.

Homes Pending in Fort Lauderdale:

Fort Lauderdale 2021 saw a 40% increase in the number of homes placed under agreement with 6,335 over 4,525 in 2020.

Outlook

The Fort Lauderdale market has seen tremendous growth despite the COVID-19 pandemic. Single-family homes sales have increased year over year, but inventory levels have been shrinking and will remain low, particularly in the first few months of the year. In turn condos, sales have seen impressive growth as buyers looking to make the move to Fort Lauderdale opt into condo living given limited single-family inventory. Overall, the increase in demand for homes in Fort Lauderdale has pushed average prices up substantially year over year, and the intense demand shows no signs of slowing down as we head into 2022. 
Data provided by SunStats and compared to the prior year.
Click Here to View State and Office Town Year in Review Reports