June real estate numbers are published. Here’s how the Broward County June 2018 Market Update compared to the same time last year for Broward County real estate:
The median time on contract dropped by 6 days from June of last year, going from 37 to 31.
Also, the median selling price for Broward County homes is up by 3.5% from last June. Home values are going up!
Many economists consider the quantity of cash sales in an area to determine the activeness of property investors in a specific area. In the case of Broward County, cash sales were down by 22.3% from last June. To the opportunistic investor, this significant drop can mean less competition for affordable investment properties.