Florida Single Family Homes July 2020 Market Report

Florida Single Family Homes July 2020 Market Report

The Florida Single Family Home markets seems to have overcome the effects of the current pandemic. Closed and pending sales are up for the month when compared to last year. Closed sales were up by 11.3% (were up by 1.3% in June). New sales under contract (new pending sales) were up by 21.7% (were up by 23.2% in June).

Prices were also up for July.  The median sales price rose by 10.1% (it was up by 4.4% in June). The average sales price was up by 14.9% (it was up by 8.8% last month).

The inventory of available homes for sale decreased by 31.8% from last year.  This represents a 2.5 months supply of inventory. Florida remains in a seller’s market with the advantage for sellers. (July 2019 had a 3.8 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes July 2020 Market Report
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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 July 2020 Market Report

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