February 2015 Monthly Market Detail Florida Single Family Homes
The February 2015 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues to show improvement from last years results. Closed sales were up by 19% (was up by 10% in January) and new sales under contract (new pending sales) increased by 14.7% (was up by 10.5% in January).
Both median and average sales prices continue to rise ( February 2014 to February 2015) by 9.1% and 0.7% respectively, compared to January’s 7.9% and 7.4%. Home prices continue to rise, though we are expecting some moderation in the rate in the near future.
The inventory of available homes for sale rose by 2.1% from last year. This is now a full 17 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 5.3 months supply of inventory, this is a sellers market with the advantage for sellers. (February of 2014 had a 5.7 month supply)
Click here to view or download the full report:
February 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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