Florida Single Family Homes March 2017 Market Detail
The Florida Single Family Homes Market Detail for March 2017 rebounded with increased activity from last March. Closed sales were up by 9.3% (were down by 0.5% in February) and new sales under contract (new pending sales) were up by 3.6% (were down by 2.0% in February).
Both the median and average sales prices continued to rise from March 2016 to March 2017. Up by 10.4% and 11.3% respectively, compared to February’s 12.5% and 9.5%.
The inventory of available homes for sale fell by 4.9% from last year. For March there was a 4.1 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (March of 2016 had a 4.4 month supply) A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory. Inventory is once again decreasing which continues to put pressure on rising prices and sales.
Click here to view or download the full report:
Florida Single Family Homes March 2017 Market Detail
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
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