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Thursday, November 21, 2024

Broward County home prices rose in the second half of 2022

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Adobe Stock

The median sale price of a home sold in the second half of 2022 in Broward County rose by $35,000 while total sales decreased by 29.5%.

From July through December of 2022, there were 18,265 homes sold, with a median sale price of $350,000 - an 11.1% increase over the $315,000 median sale price for the same period of the previous year. There were 25,911 homes sold in Broward County in the second half of 2021.

The median sales tax in Broward County for the most recent year with available data, 2017, was $2,670 approximately 0.8% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Broward County from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$315000$315000$330000$330000$350000$350000

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