Platform: LinkedIn • Post #7
Thank you for reading this post, don't forget to subscribe!Broward County just hit a number that should make every real estate professional pay attention.
9.84 months of housing inventory.
That’s the highest level since the post-2007 crash period.
The data:
- Median DOM jumped to 102 days (up 22 days YoY)
- New listings down 0.29%
- Closed sales down 4.11%
- Days on market for SOLD properties: 43 days (up from 31)
- Condo prices down ~8%
- Single-family prices UP ~7%
That last stat tells the whole story. Broward is experiencing a tale of two markets: Single-family homes with updated insurance profiles and no HOA complexities are holding value. Condos and older inventory burdened by insurance costs and regulatory requirements are in freefall.
The mid-market squeeze is real. A $450,000 home in Broward now costs $4,100-4,400/month in total housing expense. That requires a household income of ~$175,000+. Broward’s median household income: ~$65,000.
The math doesn’t work for most buyers — and that’s why inventory is building.
Full analysis in our “Stagnation in the Sun” report →
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