Florida Single Family Homes June 2021 Market Report
The Florida Single Family Home showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 23.6% (were up by 57.9% in May). New sales under contract (new pending sales) were down by 13.8% (were up by 0.1% in May).
Prices continued to rise. The median sales price rose by 24.5% (it was up by 27.7% in May). And, the average sales price was up by 36.0% (it was up by 47.3% last month).
The inventory of available homes for sale decreased by 47.3% from last year. This represents only a 1.2 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (June 2020 had a 2.8 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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