Florida Single Family Homes August 2021 Market Report
The Florida Single Family Home market activity was almost unchanged for closed sales when compared to last year. Pending sales were lower. This is a result of the historically low inventory of homes on the market. There are many buyers but not enough available homes. Closed sales were up by 0.2% (were down by 2.1% in July). New sales under contract (new pending sales) were down by 4.7% (were down by 14.1% in July).
Prices, however, continued to rise. The median sales price rose by 18.0% (it was up by 20.3% in July). And, the average sales price was up by 19.7% (it was up by 22.8% last month).
The inventory of available homes for sale decreased by 32.4% from last year. This represents only a 1.3 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (August 2020 had a 2.3 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 March 2024 Market Report
- Florida Single Family Homes March 2024 Market Report
- Florida Townhouses and Condos February 2024 Market Report
- Florida Single Family Homes February 2024 Market Report
- Florida Townhouses and Condos January 2024 Market Report
- Florida Single Family Homes January 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.
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