Florida Single Family Homes April 2022 Market Report
The Florida Single Family Home market activity had lower sales volume compared to last April. We remain in a market with unprecedented low inventory as well as rising interest rates that are significantly affecting the real estate market. Inventory rose slightly this month, so maybe we are in the very beginnings of a turn-around in the market. Closed sales were down by 15.3% (were down by 6.2% in March). New sales under contract (new pending sales) were down by 13.9% (were down by 12.4% in March).
Prices are continuing their rise. The median sales price rose by 21.8% (it was up by 21.1% in March). And, the average sales price was up by 12.8% (it was up by 16.9% last month).
The inventory of available homes for sale increased by 6.9% from last year. This represents only a 1.1 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (April 2021 also had a 1.1 months supply) A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.
Previous Florida real estate market report posts.
Click here to view the full report!
Recent Florida Market Report Posts:
- Florida Townhouses and Condos October 2024 Market Report
- Florida Single Family Homes October 2024 Market Report
- Florida Townhouses and Condos 2024 3rd Quarter Report
- Florida Single Family Homes 2024 3rd Quarter Report
- Florida Townhouses and Condos September 2024 Market Report
- Florida Single Family Homes September 2024 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.
Florida Single Family Homes April 2022 Market Report
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