2020 Real Estate Year in Review – Coral Springs, FL
Coral Springs Real Estate Market Report 2020. Here’s what’s happened in the Real Estate Market in Coral Springs, Florida during 2020.
The Average Sales Price for Coral Springs Single Family homes sold in 2020 was $464,085; in comparison to the Average Sale price for closed sales for 2019, which was $430,480; which is a 7.8% increase over the prior year.
As of December 31, 2020, there was only 0.9 month supply of housing inventory, which places us firmly in a Seller’s market. In contrast, we had 2.1 months supply of homes listed at the same time last year, (a 57.1% decrease in homes listed for sale) which still had us in a seller’s market.
Coral Springs Single Family Homes
Here are a few more Single Family Homes in Coral Springs Market Stats: :
- 969 Closed Sales in 2020 vs. 1,061 Coral Springs homes sold in 2019
- 1,022 Pending Sales (Thru Dec 2020) vs. 1,045 in 2019
- 1,160 New Listings (Which is a decrease of 2.2% since the prior year)
- Homes sold at 97.5% of their Original List Price
- Properties remained on the market for about 38 days before going under contract
Townhouses & Condos in Coral Springs 2020
| Market Activity | 2019 | 2020 |
| Closed Sales | 447 | 431 |
| Average Sales Price | $170,769 | $188,474 |
| Average Days on Market | 46 | 53 |
| Sale Price to Original List Price | 94.3% | 94.9% |
| New Listings | 662 | 587 |
| Months Supply of Inventory | 2.8 | 1.6 |
Contact us for a customized list of available properties for sale if you are looking to purchase a home in Coral Springs, or you can begin your search for Coral Springs homes for sale by clicking here.
If you are looking to sell your Davie home, contact us for your complementary Customized Property Evaluation.
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