January 2015 Monthly Market Detail Florida Single Family Homes
The January 2015 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors indicates continued growth of market activity for the single family real estate market when compared to last January. Closed sales were up by 10% (was up by 15.8% in December) and new sales under contract (new pending sales) increased by 10.5% (was up by 6.4% in December).
Both median and average sales prices continue to rise ( January 2014 to January 2015) by 7.9% and 7.4% respectively, compared to December’s 6.9% and 5.9%. Once again it seems that prices are poised for some healthy gains as interest rates remain very low making home loans more affordable.
The inventory of available homes for sale rose by 4.4% from last year. This is now a full 16 months of increased inventory. The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.3 months supply of inventory, this is a sellers market with the advantage for sellers. (January of 2014 had a 5.5 month supply)
Click here to view or download the full report:
January 2015 Monthly Market Detail Florida Single Family Homes
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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