Home Sales Up 99.5% & Prices Up 25.8%
As of June 30, 2021, home sales in Fort Lauderdale increased by 99.5% now up to 3,023 sales in the first half of the year compared to 1,515 in the same time period last year.
Average prices increased by 25.8% moving from $687,948 now up to $865,186.
These metrics include single families and townhouses/condos. The categorical breakdowns are listed in the infographic above.
Listed Homes
There were 3,270 homes listed in the first half of 2021, a 16.5% positive change from the same period last year which had 2,806 listings.
Pending Homes
Fort Lauderdale in 2020 had 1,968 contracts accepted compared to 3,717 in the same time period this year, an 88,9% change.
2021 Outlook
Fort Lauderdale’s housing market experienced significant increases across the board. This is largely due to buyer and seller motivation to accomplish what they couldn’t during the pandemic, and this is also due to the market coming to a halt last year with the stay-at-home mandates. This year of catch up will likely make this one of the biggest years for the number of homes sold.
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.