Florida Single Family Home Sales 2023 Yearly Review
The Florida Single Family Home Sales for 2023 as reported by Florida Realtors is now showing the turnaround the real estate market has experienced with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Though the numbers are improving from the previous year, signaling that a turnaround may be underway. Year-to-year closed sales were down by 10.3% (down by 18.0% in 2022) and new sales under contract (new pending sales) decreased by 7.1% (down by 21.1% in 2022).
Both median and average sales prices were up (2022 to 2023) by 1.9% and 2.1% respectively. These numbers were 15.7% and 11.3% respectively for 2022. Prices are not rising as fast as in previous years.
The inventory of available homes for sale increased by 17.8% from 2022. While the month’s supply of homes increased to 3.6 months. Indicating that the Florida single-family home market is still in a seller’s market.
Click here to view or download the full report:
2023 Florida Single Family Home Sales Review
View previous Florida Single Family Home Yearly Reviews
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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