Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as complete as possible.

Our South Florida law firm helps people with estate planning, mortgage foreclosure defense, real estate closings, probate and trust administration, and accidents and injuries. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as complete as possible.

Our South Florida law firm helps people with estate planning, mortgage foreclosure defense, real estate closings, probate and trust administration, and accidents and injuries. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A.serve you!

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as complete as possible.

Our South Florida law firm helps people with estate planning, mortgage foreclosure defense, real estate closings, probate and trust administration, and accidents and injuries. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as complete as possible.

Our South Florida law firm helps people with estate planning, mortgage foreclosure defense, real estate closings, probate and trust administration, and accidents and injuries. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as complete as possible.

Our South Florida law firm helps people with estate planning, mortgage foreclosure defense, real estate closings, probate and trust administration, and accidents and injuries. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as complete as possible.

Our South Florida law firm helps people with estate planning, mortgage foreclosure defense, real estate closings, probate and trust administration, and accidents and injuries. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as complete as possible.

Our South Florida law firm helps people with real estate closings, foreclosure defense, personal injury, probate, and estate planning. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

• Inventory continues to rise. For example, there are 44% more Miami-Dade single-family home active listings than a year ago.
• Closed sales are decreasing. As an example, there was a 24% decline in the number of Broward county townhouses and condos that sold during the same time last year. Broward single-family homes sales are down 11%.
• Despite this, median sales prices are about the same as they were last year, and the year before that.

We welcome your comments about what you see in these reports and what you think this means for the future of our real estate market.

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as complete as possible.

Our South Florida law firm helps people with real estate closings, foreclosure defense, personal injury, probate, and estate planning. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

From the Broward Single-Family Homes report:

From the Broward Townhouses and Condos report:

We welcome your comments about what you see in these reports and what you think this means for the future of our real estate market.

Here are all the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as complete as possible.

Our South Florida law firm helps people with real estate closings, foreclosure defense, personal injury, probate, and estate planning. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

And here’s the inventory graph for Broward condos and townhouses:

Generally, under basic economic principals, if supply increases while demand remains constant, prices decrease. And of course, if supply increases while demand decreases, prices also fall. I do not have a crystal ball but prices appear to have peaked. (The graphs linked below show that median sales prices have remained the same for about three years.)

I speak with a lot of Realtors and they all tell me the market has slowed tremendously—that sales prices and the number of closed sales are declining. In other words, the stats are lagging behind the current reality. With all the inventory, we are in a buyer’s market. And serious sellers are reducing their prices.

We welcome your comments about what you see in these reports and what you think this means for the future of our real estate market.

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as complete as possible.

Our South Florida law firm helps people with real estate closings, foreclosure defense, personal injury, probate, and estate planning. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

If we know anything about life, we know change is guaranteed. The main questions are how will our market change, and when? I’m not in the fortune telling business but it seems rather obvious—at least some segment of the market is due for significant change.

I’d like to dive a bit deeper this month into something that’s been weighing on me for a while. It’s the same thing that weighed on me and many real estate experts just before the foreclosure crisis—affordability.

Broward.org “Quick Facts” indicates the median Broward County household income is $74,534. Assuming a 35% housing debt-to-income ratio, the median household can spend $2,173.91 per month on housing-related debt. Assuming about $1,500 of that is for principal and interest, and assuming the current prime rate of 7.5%, the median Broward County family can afford to finance a principal balance of $214,526 over thirty years. Yet there are a grand total of four detached single-family homes available for sale in Broward for less than $215,000. And there are 2,231 available condos and townhouses listed in that same price range. The latest reports show that the median sales price for Broward single-family homes is $640,000, while the median sales price for condos and townhouses is $272,000.

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as accurate as possible.

Our South Florida law firm helps people with real estate closings, foreclosure defense, personal injury, probate, and estate planning. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as accurate as possible.

Our South Florida law firm helps people with real estate closings, foreclosure defense, personal injury, probate, and estate planning. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as accurate as possible.

Our South Florida law firm helps people with real estate closings, foreclosure defense, personal injury, probate, and estate planning. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as accurate as possible.

Our South Florida law firm helps people with real estate closings, foreclosure defense, personal injury, probate, and estate planning. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

• Sales Prices
  • Despite what you may have heard, median and average sales prices are about what they were a year ago.
• Volume of Closed Sales
  • The number of closed sales have been stable over the past several months. Although that figure is down a bit from this time last year.
• Inventory
  • The number of single-family homes, townhouses, and condos available for sale remains higher than what it was last year. For several reasons, condo inventory is higher than single-family homes.

We welcome your comments about what you see in these reports and what you think this means for the future of our real estate market.

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as accurate as possible.

Our South Florida law firm helps people with real estate closings, foreclosure defense, personal injury, probate, and estate planning. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!

Here are the reports:

Due to listing data being uploaded sometimes weeks after a transaction closes, these reports are often released a few weeks behind. The delay is required to make sure the reports are as accurate as possible.

Our South Florida law firm helps people with personal injury, real estate closings, foreclosure defense, probate, and estate planning. Based in Hollywood, Florida but serving clients throughout the state. Let the Law Offices of Evan M. Rosen, P.A. serve you!