Davie 2020 Real Estate Market Report

2020 Real Estate Year In Review – Davie Florida

Davie Real Estate Market Update 2020. Here’s a look at what has been happening in Davie Real Estate in 2020. Last year has been a year of challenges for many due to the Pandemic, but the Real Estate market in Davie has shown no signs of it. In fact, the market has outperformed in many arenas over last year.

The Average Sales Price for Single Family homes sold in Davie in 2020 was $593,575; in comparison to the Average Sale price for closed sales for 2019, which was $524,097; which is a 13.3% increase over last year.

As of December 31, 2020, we had only 2.4 months supply of housing inventory, which places us firmly in a Seller’s market. In contrast, we had 3.9 months supply at the same time last year, (a 38.5% decrease in homes listed for sale) which still had us in a seller’s market but we fared a little better then.

Here are a few more Single Family Homes in Davie Market Stats for you to see what has been going on:

• 394 Closed Sales in 2020 vs. 396 Davie homes sold in 2019
• 398 Pending Sales (Thru Dec 2020) vs. 399 in 2019
• 487 New Listings (A decrease of 10.5% since last year)
• Homes sold at 94.1% of their Original List Price
• Properties remained on the market for about 69 days before going under contract

Davie Townhouse and Condo Real Estate Update 2020