Here are the market updates for Broward County which are current as of November 21st 2020. The reports look at October real estate data for Pompano Beach, Lauderdale By The Sea, Sea Ranch Lakes, and Lighthouse Point in Broward County, FL.
In Pompano Beach some of the key metrics to look at which are very promising are positive increases in sales volume, +20% increase in closed sales, +28.2% in median homes sales prices, +34.5% average sales price, and percentage of list price received was up 2.7% from 92.7% to 95.2%.
Pending sales are up significantly and the days to contract are also up, though just slightly. This value is likely a reflection of loan processing times taking longer as well as more stringent loan requirements and required documentation during underwriting.
Real Estate Market Report for November 2020 – Pompano Beach, Lauderdale By The Sea, Lighthouse Point, and Sea Ranch Lakes