Florida Single Family Homes May 2020 Market Report
The Florida Single Family Home market is now showing the effects of the current pandemic. Closed sales are down for the month when compared to last year, but pending sales saw a slight rise. Closed sales were down by 36.2% (were down by 20.7% in April). New sales under contract (new pending sales) were up by 2.3% (were down by 35.1% in April).
Prices were mixed for April. The median sales price rose by 1.5% (it was up by 6.0% in April). The average sales price was down by 0.3% (it was up by 3.0% last month).
The inventory of available homes for sale decreased by 18.3% from last year. This represents a 3.3 months supply of inventory. Florida remains in a seller’s market with the advantage for sellers. (May 2019 had a 4.0 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.
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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