Market Reports for May 2023


Homes prices throughout Broward & Palm Beach Counties continue to hold steady, considering the recent rise in mortgage financing interest rates.   Closed sales for residential single family homes in Broward County are down -12.5% from a year ago, for the month of May 2023.  However, they are still a pool of active buyers in the market place.  New listing are also down by 23.6% as well as pending sales in the same month.  The inventory of single family homes (Active Listings) was 2,727 – up by 23/1% compared to May 2022.  Palm Beach County sales of single family homes are slightly down 4.4% from a year ago with the inventory of SFR homes (Active Listings) increased by 34.1% compared to May 2022.

Video provided by Florida Realtors:

For complete details and your free copy of the complete Markets Report for May 2023, email [email protected].

About the Author
Andrew Velez, P.A.
If you are looking to work with a professional who is trustworthy, respectful, a good listener, an experienced negotiator and knowledgeable of current market conditions, look no further.

I believe that relationship building and personal attention are vital aspects of being a professional real estate agent. I am dedicated to delivering personalized service, exceptional communications and market expertise to all my clients. Having over 20 years experience in real estate, business, sales, technology and Internet marketing, my education and expertise will result in exceeding your expectations and ensuring successful results each and every time.

I will work with you throughout the entire transaction process to ensure that you experience the least amount of inconvenience, Whether you are selling your property or buying a property, I will assist you with negotiating the best deal possible.

My full service comprehensive Digital Internet Marketing Program includes the Internet, Social Media, Listed/Just Sold Announcements and Mailers, Specialized Community Publications, Open House Events, Global Exposure Placement Ads on key Internet sites including Google, Trulia, Zillow,, and others. I will work hard to ensure that your property is sold for the highest possible price in the shortest amount of time.

Giving back to the community is extremely important to me. I proudly support the Children’s Miracle Network Hospitals, the Susan G. Komen For Cancer organization along with a number of christian ministries within the local community.

There is no hard sales pressure from me and my team, just an education so you feel comfortable when you are making your investment and your choice for yourself and your family. I look forward to having the opportunity to earning your business.

Market Speciality

* Listings Agent / Seller Representations
* Luxury Homes
* Beach Front Properties
* Relocations
* Vacation / Second Homes
* Luxury Seasonal Rentals
* Buyer Representations