Florida Single Family Homes February 2019 Market Report
The Florida Single Family Homes Market Report for January 2019 produced slightly stronger sales activity when compared to last year. The closed sales were up by 1.9% (were down by 6.2% in January) and new sales under contract (new pending sales) were unchanged (were down by 2.4% in January).
Prices were mixed for February. The median sales price rose by 1.3% (it was up by 4.1% in January) and the average sales prices dropped by 0.4% (it was up by 4.1% last month).
The inventory of available homes for sale increased by 11.8% from last year. This is a 4.3 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (February 2017 had a 3.9 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 continues to decrease which is putting pressure on rising prices and lower sales volume.
Click here to view or download the full report:
Florida Single Family Homes February 2019 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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