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Florida Single Family Homes April 2020 Market Report

Florida Single Family Homes April 2020 Market Report

The Florida Single Family Home market is now showing the effects of the current pandemic. Both closed and pending sales are down for the month when compared to last year. Closed sales were down by 20.7% (were up by 6.4% in March). New sales under contract (new pending sales) were down by 35.1% (were down by 22.6% in February).

Prices, however, were up for April.  The median sales price rose by 6.0% (it was up by 7.4% in March). The average sales price was up by 3.0% (it was up by 8.9% last month).

The inventory of available homes for sale decreased by 26.5% from last year.  This represents a 3.4 months supply of inventory. Florida remains in a seller’s market with the advantage for sellers. (April 2019 had a 4.1 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Recent Florida Market Report Posts:

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.

Florida Single Family Homes April 2020 Market Report

Florida Single Family Homes March 2020 Market Report

Florida Single Family Homes March 2020 Market Report

The Florida Single Family Home sales had stronger closed sales activity for March, but new pending sales are off considerably and I’m afraid this indicates some challenging months to come in this real estate sector. Closed sales were up by 6.4% (were up by 9.1% in February). New sales under contract (new pending sales) were down by 22.6% (were up by 12.5% in February).

Prices were up for March.  The median sales price rose by 7.4% (it was up by 8.0% in February). The average sales price was up by 8.9% (it was up by 7.9% last month).

The inventory of available homes for sale decreased by 14.0% from last year.  This represents a 3.4 months supply of inventory. Florida remains in a seller’s market with the advantage for sellers. (March 2019 had a 4.2 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes March 2020 Market Report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes March 2020 Market Report

Florida Single Family Homes February 2020 Market Report

Florida Single Family Homes February 2020 Market Report

The Florida Single Family Home sales continued with strong activity into February.  Closed sales were up by 9.1% (were up by 17.9% in December). New sales under contract (new pending sales) were up by 12.5% (were up by 12.4% in January).

Prices were also up for February .  The median sales price rose by 8.0% (it was up by 5.9% in January). The average sales price was up by 7.9% (it was up by 6.3% last month).

The inventory of available homes for sale decreased by 19.1% from last year.  This represents a 3.3 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (February 2019 had a 4.3 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Previous Florida real estate market report posts.

Florida Single Family Homes February 2020 Market Report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes February 2020 Market Report

Florida Single Family Homes January 2020 Market Report

Florida Single Family Homes January 2020 Market Report

The Florida Single Family Home sales had a strong start to 2020.  Closed sales were up by 17.9% (were up by 23.8% in December). New sales under contract (new pending sales) were up by 12.4% (were up by 11.9% in December).

Prices were also up for January.  The median sales price rose by 5.9% (it was up by 6.0% in December). The average sales price was up by 6.3% (it was up by 6.9% last month).

The inventory of available homes for sale decreased by 16.4% from last year.  This represents a 3.4 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (January 2019 had a 4.3 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Currently, Florida has a shortage of inventory of homes for sale. Affordable homes are the most scarce in the state at this time and builders are not in a position to alleviate this shortage. At least, any time soon.

Recent Market Report Posts:

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.

Florida Single Family Homes January 2020 Market Report

Florida Single Family Homes December 2019 Market Report

Florida Single Family Homes December 2019 Market Report

The Florida Single Family Home sales had a very strong end to 2019.  Closed sales were up by 23.8% (were up by 6.1 % in November). New sales under contract (new pending sales) were up by 11.9% (were up by 14.4 % in November).

Prices were also up for December.  The median sales price rose by 5.9% (it was up by 3.9 % in November). The average sales price was up by 6.9% (it was up by 13.1 % last month).

The inventory of available homes for sale decreased by 11.4% from last year.  This represents a 3.4 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (December 2018 had a 4.0 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Currently, Florida has a shortage of inventory of homes for sale. Affordable homes are the most scarce in the state at this time and builders are not in a position to alleviate this shortage. At least, any time soon.

Florida Single Family Homes December 2019 Market Report

Click here to view the previous Florida single-family homes market reports.

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.

Florida Single Family Homes December 2019 Market Report