June 2015 Monthly Market Detail Florida Single Family Homes
The June 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year and showed a greater rate of improvement from last month. Closed sales were up by 19.% (was up by 7.7% in May) and new sales under contract (new pending sales) increased by 10.4% (was up by 1.5% in May).
Both median and average sales prices continue to rise ( June 2014 to June 2015) by 10.0% and 3.4% respectively, compared to May’s 11.1% and 1.9%. Home prices continue their upward trend in FL. As interest rates begin to rise, we’ll see how long and how fast this trend continues.
The inventory of available homes for sale fell by 5.9% from last year. Some high demand areas of Florida have seen decreasing inventory for a number of months now. For June there was only a 4.6 months supply of inventory, this is a sellers market with the advantage for sellers. (June of 2014 had a 5.6 month supply)
Click here to view or download the full report:
June 2015 Monthly Market Detail Florida Single Family Homes
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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