Florida Single Family Homes February 2017 Market Detail

The Florida Single Family Homes Market Detail for February 2017 showed slightly weaker growth when compared to last year.  Closed sales were down by 0.5% (were up by 5.2% in January) and new sales under contract (new pending sales) were down by 2.0% (were up by 3.8% in January).

Both the median and average sales prices continued to rise from February 2016 to February 2017.  Up by 12.5% and 9.5% respectively, compared to January’s 10.1% and 4.0%.

The inventory of available homes for sale fell by 4.0% from last year.  For February there was a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (February of 2016 had a 4.4 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 February 2017 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 February 2017 Market Detail