Florida Single Family Homes March 2021 Market Report
The Florida Single Family Home continues to show stronger activity when compared to last year. Closed and new pending sales were both up for the month when compared to last year. Closed sales were up by 23.3% (were up by 15.7% in February). New sales under contract (new pending sales) were up by 48.2% (were up by 10.9% in February).
Prices were also up for March. The median sales price rose by 18.9% (it was up by 16.6% in February). And, the average sales price was up by 37.6% (it was up by 28.7% last month).
The inventory of available homes for sale decreased by 62.1% from last year. This represents a 1.2 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (March 2020 had a 3.4 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 March 2024 Market Report
- Florida Single Family Homes March 2024 Market Report
- Florida Townhouses and Condos February 2024 Market Report
- Florida Single Family Homes February 2024 Market Report
- Florida Townhouses and Condos January 2024 Market Report
- Florida Single Family Homes January 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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