Florida Single Family Home Sales 2024 Yearly Review
The Florida Single Family Home Sales for 2024 as reported by Florida Realtors is showing an adjustment to the real estate market after prices rose rapidly during COVID, mortgage rates increased, and worries about the economy heightened. However, the adjustment is far less severe than the prior year and there is a glimmer of hope in an overall increase to sale prices.
Year-to-year closed sales were down by 1.9% (down by 10.3% in 2023) and new sales under contract (new pending sales) decreased by 1.0% (down by 7.1% in 2023). Both median and average sales prices were up (2023 to 2024) by 2.4% and 4.5% respectively. These numbers were 1.9% and 2.1% respectively for 2023.
The inventory of available homes for sale increased by 27% from 2023. While the month’s supply of homes increased to 4.7 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:
2024 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 PineappleGroupFL.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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