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Current Real Estate Market Conditions for Single Family Homes 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
$ 285,000 $ 622,614 $ 130 194 3377 $ 29,999,137 $ 16,800 33 34 % 8% 5% 2095 8,001 - 10,000 sqft 3.0 2.0 + + +
This Week
The median list price in FORT LAUDERDALE, FL this week is $285,000. The 3377 properties have been on the market for an average of 194 days. The Market Action Index has been basically flat recently, and days-onmarket decreasing, 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 Lot Size Median Number of Bedrooms
Trend Key:
No change
== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend
0.25 - 0.50 acre 8,001 10,000 sqft 6,501 8,000 sqft 6,501 8,000 sqft
15 24 34 43
36 53 71 79
27 40 66 83
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
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
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 194 days. Half of the listings have come newly on the market in the past 112 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
$ 1,595,000 $ 2,685,225 $ 490 318 138 $ 20,000,000 $ 249,900 36 26 % 6% 6% 3335 0.25 - 0.50 acre 4.0 3.5 + == + +
This Week
The median list price in FORT LAUDERDALE, FL 33301 this week is $1,595,000. The 138 properties have been on the market for an average of 318 days. Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for 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 Lot Size Median Number of Bedrooms
Trend Key:
No change
== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend
0.25 - 0.50 acre 0.25 - 0.50 acre 0.25 - 0.50 acre 6,501 8,000 sqft
9 22 45 62
34 34 35 35
0 3 2 1
1 1 3 0
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 bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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 318 days. Half of the listings have come newly on the market in the past 228 or so days.
7-day Average
90-day Average
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Page 11 of 11