Florida Single Family Homes October 2024 Market Report
The Florida Single Family Home real estate market had 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 5.6% (were down by 12.3% in September). New sales under contract (new pending sales) were down by 7.8% (were down by 1.9% in September).
Prices were mixed for September when compared to last year. The (year-to-year) median sales price was up by 1.2% (down by 0.2% in September). And, the average sales price was up by 2.5% (down by 0.6% last month).
The inventory of available homes for sale increased by 31% from last year. This represents a 4.7-month supply of inventory (October 2023 had a 3.5-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 Townhouses and Condos November 2024 Market Report
- 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
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 October 2024 Market Report
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