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Weston real estate market update Aug vs Sep 2016

Weston real estate

Here are homes for sale in Weston Florida in August 2016. The real estate market dropped 1.2%. Notice a 35% drop in sold homes in September. Homes pending also dropped 26.3%.
Compared to July homes sold in that number had increased 43.3% and compared to the last year on the same period homes increased 19.4% in 2016.
Now is a great time for real estate in the area. It was voted one of the best places to live in the USA because of the great schools and local amenities that are available in the Broward area.
Homes For Sale in August 2016: 170 units.
Down 3.4% compared to the last month
Up 25.9% compared to the last year

Homes Closed in August 2016: 43 units.

Up 43.3% compared to the last month
Up 19.4% compared to the last year

Homes Placed under Contract in August 2016: 37 units.

Up 15.6% compared to the last month
Up 37% compared to the last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales in Weston real estate

 


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