Florida Single Family Homes April 2024 Market Report
The Florida Single Family Home real estate market had slightly stronger sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were up by 5.8% (were down by 10.4% in March). New sales under contract (new pending sales) were up by 0.8% (were down by 3.0% in March).
Prices increased for April when compared to last year. The (year-to-year) median sales price was up by 4.9% (it was up by 3.9% in March). And, the average sales price was up by 9.2% (it was up by 10.1% last month).
The inventory of available homes for sale increased by 52.9% from last year. This represents a 4.2-month supply of inventory (April 2023 had a 2.6-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
Previous Florida real estate market report posts.
Recent Florida Market Report Posts:
- Florida Townhouses and Condos 2024 1st Quarter Report
- Florida Single Family Homes 2024 1st Quarter Report
- Florida Townhouses and Condos April 2024 Market Report
- Florida Single Family Homes April 2024 Market Report
- Florida Townhouses and Condos March 2024 Market Report
- Florida Single Family Homes March 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 2024 Market Report
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