Florida Townhouses and Condos July 2021 Market Report

Florida Townhouses and Condos July 2021 Market Report

Florida Townhouses and Condos showed improved closed sales when compared to last year, though at smaller numbers than in the previous months. New pending sales, were up slightly, reflecting the low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 21.1% as compared to last month’s increase of 79.6%.  New sales under contract (new pending sales) increased by 0.6% (In June, a 7.5% increase).

Prices continued to rise in July.  The median sales price was up by 20.5% (was up by 22.4% in June). While the average sales price increased by 28.1% (was up 35.5% in June).

The inventory of active listings decreased by 53.7% from July of last year.  This results in 1.8 months supply of inventory as compared to 5.6 months for June 2020.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. In conclusion, a very strong market.

Florida Townhouses and Condos July 2021 Market Report

View previous Florida townhouses and condo market reports by clicking this link.

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.

Recent Florida Market Report Posts:

Florida Townhouses and Condos July 2021 Market Report

Florida Single Family Homes July 2021 Market Report

Florida Single Family Homes July 2021 Market Report

The Florida Single Family Home market activity had a decline in closed sales when compared to last year. Pending sales were also lower. This is a result of the historically low inventory of homes on the market. There are many buyers but not enough available homes. Closed sales were down by 2.1% (were up by 23.6% in June). New sales under contract (new pending sales) were down by 14.1% (were down by 13.8% in June).

Prices continued to rise.  The median sales price rose by 20.3% (it was up by 24.5% in June). And, the average sales price was up by 22.8% (it was up by 36.0% last month).

The inventory of available homes for sale decreased by 38.9% from last year.  This represents only a 1.2 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (July 2020 had a 2.5 months supply)  A balanced market favoring neither buyers nor 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 July 2021 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 July 2021 Market Report

Florida Townhouses and Condos 2021 2nd Quarter Report

Florida Townhouses and Condos 2021 2nd Quarter Report

Click the image below to view the 2021 2nd Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2021 2nd Quarter Report

Both sales volume, as well as prices, showed continued strong improvements in the 2nd quarter of 2021 when compared to the same period last year.  So, we remain in a positive real estate environment. Currently, the biggest issue is a very low inventory of available homes for sale. We are expecting this low inventory to affect future sales volume for the coming quarter.

To view the full report, click on the image above or this link.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2021 2nd Quarter Report

Florida Single Family Homes 2021 2nd Quarter Report

Florida Single Family Homes 2021 2nd Quarter Report

Click the image below to view the full details of the 2021 2nd quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2021 2nd Quarter Report

For the 2nd quarter of 2021, Florida single-family homes continue to show very strong activity when compared to last year.  Both sales and prices had improved results. Currently, the biggest issue is a very low inventory of available homes for sale. We are expecting this low inventory to affect future sales volume for the coming quarter.

To view, the full report click the image above or this link.

View the entire set of data at the GabeSanders.com market data page.

Click here to view the previous Florida quarterly market reports

Florida Single Family Homes 2021 2nd Quarter Report

Florida Townhouses and Condos June 2021 Market Report

Florida Townhouses and Condos June 2021 Market Report

Florida Townhouses and Condos showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 79.6% as compared to last month’s increase of 155.2%.  New sales under contract (new pending sales) increased by 7.5% (In May, a 56.7% increase).

Prices continued to rise in June.  The median sales price was up by 22.4% (was up by 24.1% in May). While the average sales price increased by 35.5% (was up 43.7% in May).

The inventory of active listings decreased by 54.0% from June of last year.  This results in 1.8 months supply of inventory as compared to 5.7 months for May 2020.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. In conclusion, a very strong market.

Florida Townhouses and Condos June 2021 Market Report

View previous Florida townhouses and condo market reports by clicking this link.

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.

Recent Florida Market Report Posts:

Florida Townhouses and Condos June 2021 Market Report