MARKET ACTIVITY MONTH OF AUGUST 2023
Highest sold price recorded is $4,240,000 for a luxe 6-bedroom home situated on 2 acres in Parkland Magic.
A total of 58 single-family homes were sold during the month of August. These listings averaged 40 days on the market, and closed sale prices ranged from $650,000 to $4,240,000 with a median of $1,190,000. The median is the midpoint value where half the listings sold for more and the other half for less.
Single-family homes inventory is at 1.8 months of supply.
The number of single-family homes for sale as of August 31, 2023 is 106 which indicates that it will take 1.8 months to deplete inventory if no new listings enter the market.
MONTHS' SUPPLY OF INVENTORY (MSI) This statistic indicates how long it could take to sell current inventory based on recent sales. Around six (6) months of supply is generally considered a balanced or neutral market. Less favors sellers while more favors buyers. COMPUTATION: Total active for-sale listings as of the end of the month divided by total properties sold during that month.
SALES IN THE LAST 6 MONTHS
Median price for single-family homes in Parkland decreased 2.9% year-over-year (YoY).
March 1-August 31, 2023
• Total Closed Sales: 326 +1.2% YoY
• Median Sold Price: $1,108,750.00 -2.9% YoY
• Median Sold Price/Sq.Ft: $352.25 +0.1% YoY
• Sold to List Price Ratio: 0.97
• Average Days on Market: 48 Days
Percent (%) change is compared the same period last year. The median is the preferred measure of home value because it is not sensitive to very high sale prices for a small number of homes that may not be characteristic of the area.
Show Parkland Single-Family Homes
Show Parkland Condo, Townhomes
• Total Closed Sales: 326 +1.2% YoY
• Median Sold Price: $1,108,750.00 -2.9% YoY
• Median Sold Price/Sq.Ft: $352.25 +0.1% YoY
• Sold to List Price Ratio: 0.97
• Average Days on Market: 48 Days
Percent (%) change is compared the same period last year. The median is the preferred measure of home value because it is not sensitive to very high sale prices for a small number of homes that may not be characteristic of the area.
Show Parkland Single-Family Homes
Show Parkland Condo, Townhomes
This post is written by Team FloridaRemax.com. Data is from Southeast Florida MLS as of September 6, 2023.