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Current Real Estate Market Conditions for Condos & Townhomes Trends in Pricing Current Levels of Supply and Demand Value Metrics
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City Overview
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
FORT LAUDERDALE, FL
Real-Time Market Profile Trend
$ 117,000 $ 245,164 $ 92 202 3527 $ 9,750,000 $ 11,000 26 24 % 7% 5% 1300 2.0 2.0 + + +
This Week
The median list price in FORT LAUDERDALE, FL this week is $117,000. The 3527 properties have been on the market for an average of 202 days. The Market Action Index has been trending down recently, but as dayson-market decreases also, there are not strong signals for the direction of the market.
Median List Price Average List Price
Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms
Trend Key:
No change
== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend
10 24 29 34
33 63 72 85
33 47 63 81
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties
Page 2 of 11
City Overview
FORT LAUDERDALE, FL
Median Price
Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
7-day Average
90-day Average
Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 3 of 11
City Overview
FORT LAUDERDALE, FL
7-day Average
90-day Average
7-day Average
90-day Average
Page 4 of 11
City Overview
FORT LAUDERDALE, FL
90-day Average
Buyers/Sellers Cutoff
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 5 of 11
City Overview
FORT LAUDERDALE, FL
Days on Market
The properties have been on the market for an average of 202 days. Half of the listings have come newly on the market in the past 119 or so days.
7-day Average
90-day Average
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 6 of 11
Neighborhood Detail
Ekaterina Bazyka | Luxury Home Specialist | 954.224.0311
FORT LAUDERDALE, FL
Real-Time Market Profile Trend
$ 370,000 $ 524,482 $ 232 221 230 $ 3,995,000 $ 89,900 16 24 % 7% 5% 1692 2.0 2.0 + +
This Week
The median list price in FORT LAUDERDALE, FL 33301 this week is $370,000. The 230 properties have been on the market for an average of 221 days. The Market Action Index has been trending down recently, but as dayson-market decreases also, there are not strong signals for the direction of the market.
Median List Price Average List Price
Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms
Trend Key:
No change
== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend
6 7 7 10
57 57 58 58
3 2 5 2
0 2 4 2
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties
Page 7 of 11
Neighborhood Detail
FORT LAUDERDALE, FL
Median Price
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
7-day Average
90-day Average
Quartile Prices
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 8 of 11
Neighborhood Detail
FORT LAUDERDALE, FL
7-day Average
90-day Average
7-day Average
90-day Average
Page 9 of 11
Neighborhood Detail
FORT LAUDERDALE, FL
90-day Average
Buyers/Sellers Cutoff
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 10 of 11
Neighborhood Detail
FORT LAUDERDALE, FL
Days on Market
The properties have been on the market for an average of 221 days. Half of the listings have come newly on the market in the past 147 or so days.
7-day Average
90-day Average
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 11 of 11