February 2016 Monthly Market Detail Florida Single Family Homes
The February 2016 Monthly Market Detail Florida Single Family Homes continues to do well, though not as robust as last year. Closed sales were up by 0.4% (was up by 2.7% in January) and new sales under contract (new pending sales) were down by 3.6% (was down by 11.3% in January). The lower number of new pending sales is somewhat concerning for future closed sales.
Both median and average sales prices continue to rise ( February 2015 to February 2016) by 11.1% and 9.2% respectively, compared to January’s 13.7% and 6.3%. Continuing a trend that has been ongoing for close to three years now.
The inventory of available homes for sale fell by 3.8% from last year. Higher demand areas of Florida have seen decreasing inventory for over two years. For February there was only a 4.5 months supply of inventory, Florida remains in a sellers market with the advantage for sellers. (February of 2015 had a 5.2 month supply)
Click here to view or download the full report:
February 2016 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.
Leave a Reply