May 2015 Monthly Market Detail Florida Single Family Homes
The May 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the rate of increased activity is moderating. Closed sales were up by 7.7% (was up by 17.9% in April) and new sales under contract (new pending sales) increased by 1.5% (was up by 8.6% in April).
Both median and average sales prices continue to rise ( May 2014 to May 2015) by 11.1% and 1.9% respectively, compared to April’s 11.4% and 8.1%. Home values continue to increase, but at least for May the rate of increases has settled down somewhat.
The inventory of available homes for sale fell by 5.7% from last year. Some high demand areas of Florida have seen decreasing inventory for a number of months now. For May there was only a 4.7 months supply of inventory, this is a sellers market with the advantage for sellers. (May of 2014 had a 5.7 month supply)
Click here to view or download the full report:
May 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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