Florida Single Family Homes September 2018 Market Report
The Florida Single Family Homes September 2018 Market Report showed continued strong activity when compared to last year. Closed sales were up by 17.0% (were up by 4.2% in August) and new sales under contract (new pending sales) were up by 37.9% (were down by 2.6% in August).
Prices are also continuing to rise, though at a slower pace for September than in months past. The median and average sales prices up by 4.9% and 5.6% respectively, compared to August’s 6.0% and 4.0%.
The inventory of available homes for sale increased by 6.5% from last year. This is now a 3.9 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (September of 2017 had a 3.8 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 continues to decrease which is putting pressure on rising prices and lower sales volume.
Click here to view or download the full report:
Florida Single Family Homes September 2018 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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