"Fort Lauderdale's coastal lifestyle meets a market that has cooled from last year's pace. The median sale price last month was $510,000 (down 7.3% YoY), and homes took about 112 days to sell on average. Inventory is moving more slowly than a year ago, giving homebuyers time to compare options across neighborhoods near the beach and inland. Buyers can find opportunities, while sellers may need patience as the housing market in Fort Lauderdale adjusts to new rhythms."
"Mekaila is a Marketing Program Manager at Redfin with 6+ years of experience creating resources to help buyers and sellers navigate every stage of the real estate journey. She focuses on helping readers understand one of the most important steps: closing on a home purchase. Based in the Greater Seattle area, you'll find her exploring new restaurants, catching a comedy show, or getting lost in a good book."
Fort Lauderdale's housing market has cooled compared with last year, with the median sale price at $510,000, a 7.3% year-over-year decline. Homes averaged about 112 days on the market, indicating slower sales velocity. Inventory is moving more slowly than a year ago, providing homebuyers extended time to compare options across beach-adjacent and inland neighborhoods. The current conditions create buying opportunities as competition eases. Sellers may face longer marketing periods and should prepare for increased patience. The housing market in Fort Lauderdale is adjusting to a slower rhythm, affecting pricing and time-to-sale dynamics.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
Unable to calculate read time
Collection
[
|
...
]