December 2013 Monthly Market Detail Florida Single Family Homes
The December 2013 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors ended the year with mostly positive results as compared to 2012. Both closed and pending sales were off. Year to year closed sales were up by 8.6% (was down by 1.2 % in November) and new sales under contract (new pending sales) decreased by 4.2% (was down by 5.9% in October).
Both median and average sales prices were up (December 2012 to December 2013) by 11.4% and 3% respectively. Not quite as much of an increase as in previous months this year, but those kinds of increases were unsustainable.
The inventory of available homes for sale increased by 11.9% from last year. This is now the third month of increased inventory. I’ve written in the past that I was expecting this increase which is a direct cause of the easing of the price increases as the supply expands. It does appear that even with the increasing inventory the traffic for the new year is quite high and I expect some strong results for next month.
Please look at the full detail report for the rest of the story:
Click here to view or download the full report:
December 2013 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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