For Broward County, compared to the same time last year, single family home inventory is down 8.0%, closed sales increased slightly up by 1.1% and months supply of inventory is down by 5.7% with a 5 month supply of homes. In the Condo/Townhouse sector, closed sales are down by 2.8%, median days to contract is up to 74 days a 10.4% increase, and months supply of inventory inched up to 11.9 months an increase of .9%
For Palm Beach County, compared to the same time last year, single family home sale are up by 7.9% with 1,089 closed sales, active listings down by 8.6% and months supply of inventory at 4.9 months, down by 14.0%. In the Condo/Townhouse sector, closed sales are up by 10.7%, median days to contract is up to 69 days a 4.5% increase, and months supply of inventory dropped to 8.9 months an decrease of 11.0.%