Southwest Ranches Real Estate Statistics for November 2021

Below you will find the statistics for the real estate market for Single Family Homes sold within the Town of Southwest Ranches, Florida only. These statistics are for the month of November 2021. The list below includes various metrics and show this month’s numbers compared to last year during the same month. Below the list you will find charts for various metrics showing historical data for the last two years so you can get a sense of the direction the market is taking.

Southwest Ranches Real Estate Statistics November 2021

If you are thinking of selling your home in the near future don’t miss our video series

Avoiding the Biggest Mistakes Made by Home Sellers.

Closed Sales

This chart shows the total number of transactions that closed per month for the last 2 years.

Southwest Ranches Closed Sales November 2021

Cash Sales

This chart shows the total number of transactions that closed per month for the last 2 years where the buyer paid cash.

Southwest Ranches Cash Sales November 2021

Median Sale Price

This chart shows the median sale price for all closed transactions for each month for the last 2 years. The median is different than the average. Where the average is calculated by adding all the final sale prices and dividing it by the total number of sales.  The median is more like the mid point showing that half of all sales sold for less and half sold for more than the median price.

Southwest Ranches Median Sale Price November 2021

Median Percent of Original List Price

This chart shows the median percent of the original list price that the houses sold for in all the transactions for each month for the last 2 years. This metric shows how close the homes final sale price was to the original listing price.

Southwest Ranches Median Percent of Original List Price November 2021

Median Time to Contract

This chart shows the median time to contract, also known as Days on Market.  Days on market are the number of days it took to get the house under contract from the day it was listed.

Southwest Ranches Median Days on Market November 2021

New Pending Sales

This chart shows the number of new pending sales.  Pending sales are those homes that are under contract.  This chart is showing the number of homes within the month that accepted a contract.

Southwest Ranches New Pending Sales November 2021

New Listings

This chart shows the number of new homes for sale that where added to the market.

Southwest Ranches New Listings November 2021

Months Supply of Inventory

This chart shows how many months it would take to sell all the homes in the Town of Southwest Ranches that are on the market at the current selling rate if there where no new homes added to the market for sale.  A normal balanced market usually has about 6 months supply of inventory.  If a market has much less than 6 months supply it’s considered a seller’s market due to the lack of inventory.  If there is much more than a 6 month supply, that would be considered a buyer’s market due to the excess supply of homes for sale.

Southwest Ranches Months Supply of Inventory November 2021

If you are thinking of selling your home in the near future don’t miss our video series

Avoiding the Biggest Mistakes Made by Home Sellers.