Florida Single Family Homes April 2019 Market Report
The Florida Single Family Homes Market Report for March 2019 showed continued improvement for sales volume when compared to last year. The closed sales were up by 6.2% (were unchanged in March) and new sales under contract (new pending sales) were up by 4.4% (were up by 2.6% in March).
Prices were mixed for April. The median sales price rose by 2.6% (it was up by 2.0% in March) and the average sales prices dropped by 0.2% (it was down by 1.4% last month).
The inventory of available homes for sale increased by 6.6% from last year. This is a 4.1 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (April 2017 had a 3.9 month supply) A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory. Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.
Click here to view or download the full report:
Florida Single Family Homes April 2019 Market Report
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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