Homes in Fort Lauderdale are sitting on the market for 99 days right now, up from 86 days a year ago.
List prices climbed too. Median list price is up to $699,000 this July, from $595,000 last year. Condos followed the same pattern, up to $559,000 from $479,000. On paper, that looks like a market getting more expensive. In practice, it's a market where sellers are asking for more and waiting longer to get it.
Thirteen extra days on market is the gap between a seller who dictates terms and one who negotiates.
What this means if you're selling
A higher median list price doesn't mean your home is worth more automatically — it means the ceiling moved. Buyers are still doing the math on carrying costs, insurance, and rate, and 99 days of average exposure means overpriced listings are sitting long enough for buyers to notice, discount their offer, or walk. Price where the data says the market is today, not where it was twelve months ago.
What this means if you're buying
Thirteen extra days of average market time is leverage. Sellers who are past day 60 or 70 are more likely to negotiate on price, closing costs, or timeline than they were a year ago. That gap is worth using, especially on condos, where list prices rose just as fast as single-family homes.
Thinking about listing this fall, or want the current numbers for your specific neighborhood before you make a move?