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Can Buyers and Sellers Still Take Advantage of Our Coral Springs Market?

Monday, March 18, 2019   /   by Andy Mandel

Can Buyers and Sellers Still Take Advantage of Our Coral Springs Market?

Now that we’re almost finished with the first quarter of 2019, what do the numbers say about our Coral Springs market? Here is an analysis of how the latest single-family home stats from the first two months of the year compared to 2018’s numbers:

  • The number of new homes coming on the market increased by 1%
  • The number of closed sales, meanwhile, stayed relatively flat
  • The median sales price only increased by 3.77%, which is a considerable drop from the double-digit increases we saw last year and the years prior
  • The average days on market increased from 32 days to 42 days

Because the number of new listings rose and the number of closed sales stayed the same, there is currently more inventory for buyers to choose from, which should put downward pressure on pricing moving forward. Homes are also taking longer to sell, which means the market is moving slower in general.


The good news is this isn’t anything to be concerned about. All this means is we’re moving toward a more normalized market. Overall, it’s still an excellent time to buy or sell a home.


If you have any more questions about our Coral Springs market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d love to help you.

The Mandel Team at Re/Max
Andy Mandell
9615 Westview Drive
Coral Springs, FL 33076
954-610-0563

The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare © 2018 MIAMI Association of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
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