Florida Single Family Homes December 2016 Market Detail

The Florida Single Family Homes Market Detail for December 2016 showed continued strong sales activity from last year, though at a slower rate of growth.  Closed sales were up by 0.8% (was up by 12.8% in November) and new sales under contract (new pending sales) were down by 1.1% (was up by 8.3% in November).

Both the median and average sales prices continued to rise from December 2015 to December 2016.  Up by 9.2% and 2.0% respectively, compared to November’s 10% and 6.2%.

The inventory of available homes for sale fell by 2.9% from last year.  For December there was only a 3.9 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (December of 2015 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 December 2016 Market Detail

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 December 2016 Market Detail