Florida Single Family Homes February 2021 Market Report
The Florida Single Family Home continues to show better activity when compared to last year. Closed and pending sales were both up for the month when compared to last year. Closed sales were up by 15.7% (were up by 18.0% in January). New sales under contract (new pending sales) were up by 10.9% (were up by 16.9% in January).
Prices were also up for February. The median sales price rose by 16.6% (it was up by 15.1% in January). And, the average sales price was up by 28.7% (it was up by 25.6% last month).
The inventory of available homes for sale decreased by 56.3% from last year. This represents a 1.3 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (February 2020 had a 3.3 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 October 2024 Market Report
- Florida Single Family Homes October 2024 Market Report
- Florida Townhouses and Condos 2024 3rd Quarter Report
- Florida Single Family Homes 2024 3rd Quarter Report
- Florida Townhouses and Condos September 2024 Market Report
- Florida Single Family Homes September 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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