Curious how the Broward County, Florida real estate market is doing? In this 2021 Mid-Year Housing Report, we’re looking at home sales in the first half of 2021 compared to the first half of 2020 and how the market performed in that area.
Home Sales Up 63.1% & Prices Up 28.6%
As of June 30, 2021, Broward County home sales increased by 63.1% with 20,963 sales compared to 12,852 in the same time frame last year.
Average prices increased by 28.6% climbing from $367,655 up to $472,920 in 2021.
These metrics include single families and townhomes/condos. The categorical breakdowns are listed in the infographic above.
The number of listed homes rose to 24,833 in the first half of 2021 over 21,735 in the same time period of 2020, an increase of 14.3%.
Pending sales increased 46.1% from 17,416 to 25,445 in 2020 and 2021 respectively.
The Broward County real estate market show significant increases across the board, partially due to strong buyer and seller motivation, and also due to last year’s drop in activity during the pandemic. This year is tracking to be one of the busiest ones we’ve seen on record.
To learn more about South Florida performance and the predictions for the rest of the year, click here to read the 2021 South Florida Mid-Year Report.
Data provided by SunStats and compared to the prior year.