Florida Single Family Homes November 2024 Market Report
The Florida Single Family Home real estate market had slightly weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates, though recent moves from the Fed should hopefully help in the near future. Closed sales were down by 3.5% (were down by 5.6% in October). New sales under contract (new pending sales) were UP by 12% (were down by 7.8% in October), perhaps reflecting consumer optimism.
Prices were mixed for October when compared to last year. The (year-to-year) median sales price was down by 0.6% (up by 1.2% in October). And, the average sales price was up by 3.4% (up by 2.5% last month).
The inventory of available homes for sale increased by 26.9% from last year. This represents a 4.8-month supply of inventory (November 2023 had a 3.7-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered one with a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
Previous Florida real estate market report posts.
Recent Florida Market Report Posts:
- Florida Single Family Homes November 2024 Market Report
- 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
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 November 2024 Market Report
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