Florida Single Family Homes April 2023 Market Report
The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year. The inventory numbers are rising (though at a reduced rate from previous months), but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 17.2% (were down by 15.0% in March). New sales under contract (new pending sales) were down by 7.6% (were down by 12.0% in March).
Prices were mostly down for April. The (year-to-year) median sales price was unchanged at 0.0% (it was up by 2.1% in March). And, the average sales price was down by 3.6% (it was down by 2.1% last month).
The inventory of available homes for sale increased by 80.2% from last year. This represents a 2.6 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (April 2022 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.
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 2023 Market Report
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