The numbers are in for Broward county properties that were sold in June 2011! There’s a report (below) I’ve attached so you can see the info for yourselves.
If you’ve been looking for a home recently you’ve probably noticed that there’s not as many homes to choose from as there were 1 year ago. Looking at this report will tell you why.
Inventory is down 20%-35% from last year for Single family homes and condo/townhomes respectively. Take a look below!
Post your thoughts and comments below…
What these numbers mean:
- Foreclosures (REOs) and short sales STILL make up 1/3 of our market here in Broward county.
- The Average Sale Price for properties had a slight increase from 6/2010 and Single Family Homes had a 17% increase from last month!
- Inventory is down creating bidding wars and headaches for buyers. Single Family home inventory is down 20% from last year and Condo/Townhomes are down 35% from the same time last year!
- More than 50% of the properties that sold in 6/2011, sold within 60 days or less!
I’m using a different report this month with a better break down of Single Family vs Condo/Townhomes and that includes (and differentiates) short sale and foreclosures within the statistics.
Also if anyone is interested in looking at the numbers in your community or price range shoot me an email or give me a call and I can run a quick report just for you 🙂 I don’t mind at all!
Take a look at the data below. (Click to Enlarge)