Florida Single Family Homes August 2017 Market Report
The Florida Single Family Homes Market Report for August 2017 continues to improve as compared to last August though at a reduced rate from the past few years and months. Closed sales were up by 0.9% (were up by 2.0% in July) and new sales under contract (new pending sales) were up by 2.2% (were up by 3.3% in July).
Both the median and average sales prices continued to rise when compared to last year. Up by 6.7% and 7.7% respectively, compared to July’s 7.1% and 5.7%.
The inventory of available homes for sale fell by 4.5% from last year. For August there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (August of 2016 had a 4.1 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 is once again decreasing which continues to put pressure on rising prices and sales.
Click here to view or download the full report:
Florida Single Family Homes August 2017 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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