March 2015 Monthly Market Detail Florida Single Family Homes
The March 2015 Monthly Market Detail Florida Single Family Homes had some very impressive gains from last year. Closed sales were up by 24.6% (was up by 19% in February) and new sales under contract (new pending sales) increased by 7% (was up by 14.7% in February).
Both median and average sales prices continue to rise ( March 2014 to March 2015) by 9.2% and 5.5% respectively, compared to February’s 9.1% and 0.7%. Prices are continuing to rise, though we are seeing some moderation in some areas of Florida.
The inventory of available homes for sale rose by 0.6% from last year. This is now a full 18 months of increased inventory. The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.1 months supply of inventory, this is a sellers market with the advantage for sellers. (March of 2014 had a 5.3 month supply)
Click here to view or download the full report:
March 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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