Florida Single Family Homes October 2017 Market Report
The Florida Single Family Homes October 2017 Market Report showed stronger activity as compared to last year. Closed sales were up by 2.0% (were down by 20.4% in September) and new sales under contract (new pending sales) were up by 10.1% (were down by 30.2% in September).
Both the median and average sales prices continued to rise when compared to last year. Up by 7.1% and 6.8% respectively, compared to September’s 7.6% and 5.9%.
The inventory of available homes for sale fell by 5.7% from last year. For October there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (October of 2016 had a 4.1 month supply) A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory. Inventory is once again decreasing which continues to put pressure on rising prices and sales.
Click here to view or download the full report:
Florida Single Family Homes October 2017 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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