Broward County set a record for the most annual home sales in November, according to the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS).
Total home sales in the county increased 0.9% year over year from 2,927 to 2,954, while single-family home sales fell 6.2%.
“Broward County is seeing robust demand domestically and internationally and the sales volume would be even higher if there was more inventory,” said Patrick Simm, president of Broward-MIAMI. “We expect inventory to rise by spring 2022 as the falling number of homeowners in mortgage forbearance bring about more inventory.”
Year-to-date, Broward has registered 37,121 existing total home sales in 11 months, surpassing its previous annual record of 33,891 in 2016.
New single-family home listings rose 2.9%, while new condo listings fell 10.8% from the same period in 2020.