June 2013 Monthly Market Detail Florida Single Family Homes
Another positive month of results reported by Florida Realtors for the June 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida. All indices have moved in a positive direction though at a more modest pace than for the past few months. Year to year closed sales were up by 8.6% (was 18.7% in May) and new sales under contract (new pending sales) increased by 23.1% (was 30.8% in May).
Both median and average sales prices were up (June 2012 to June 2013) by 15.1% and 14.2% respectively.
The inventory of available homes for sale remains a concern as it continues to decrease, down by 22% from last year. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.
Please look at the full detail report for the rest of the story:
Click here to view or download the full report:
June 2013 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.
Leave a Reply