Broward County total home sales rose year-over-year in January 2022 continuing its robust streak of transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Broward County total home sales rose 5.9% year-over-year in January 2022, from 2,416 sales to 2,559. Broward single-family home transactions decreased 3.6%, from 1,154 to 1,113. Broward existing condo sales increased 14.6%, from 1,262 to 1,446.

South Florida has long attracted individuals and companies in search of a tax and business-friendly environment and recently established itself as a top tech and financial hub. Additionally, foreign homebuyers continue to drive up demand in the area, with one out of every five U.S. international home sales taking place in Florida.

While price increases on residential and commercial real estate are expected to continue into the first quarter of 2022, more inventory coming on the market in the second quarter should provide some respite.

Are you interested in purchasing a home in Fort Lauderdale or the surrounding South Florida area? Call Fairway Fort Lauderdale today! We would love to help!