Florida Townhouses and Condos October 2024 Market Report

Florida Townhouses and Condos October 2024 Market Report

Florida Townhouses and Condos 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 sooner than later. Closed sales were down by 19.9% compared to last month’s decrease of 20.7%.  New sales under contract (new pending sales) decreased by 18.3% (In September, there was a 16.3% decrease).

Prices were down for October compared to last year. The median sales price was down by 2.2% for October (down by 3.4% in September). And the average sales price decreased by 0.5% (was up by 1.8% in August).

The inventory of active listings increased by 52.2% from October last year.  This results in a 7.7-month supply of inventory as compared to a 4.6-month supply for October 2023.  We remain in a buyer’s market for Florida townhouse and condo sales after a long stretch in a seller’s market.  A balanced market favoring neither buyers nor sellers is considered to be 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.

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest 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 Townhouses and Condos October 2024 Market Report

Florida Single Family Homes October 2024 Market Report

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:

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

 

Florida Townhouses and Condos 2024 3rd Quarter Report

Florida Townhouses and Condos 2024 3rd Quarter Report

Click the image below to view the 2024 3rd Quarter Report as reported by Florida Realtors.

For the 3rd quarter of 2024, the Florida townhouse and condo real estate market continued to show weaker sales activity. Prices were mixed and inventory rose for this quarter. Interest rates remain high. So, I expect sales to stay sluggish at least until mortgage rates come down a bit. We have now entered into a buyer’s market for this segment of the Florida real estate market.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2024 3rd Quarter Report

Florida Single Family Homes 2024 3rd Quarter Report

Florida Single Family Homes 2024 3rd Quarter Report

Click the image below to view the full details of the 2024 3rd quarter single-family home market report as reported by Florida Realtors.

For the 3rd quarter of 2024, Florida single-family homes continued the trend of reduced sales volume. Prices remained stable while inventory rose for this quarter. Interest rates remain high. So, I expect sales to stay somewhat sluggish. Though we have become a seller’s market once again. I suspect that we will soon be in a buyer’s market.

View the entire set of data at the GabeSanders.com market data page.

Click here to view the previous Florida quarterly market reports

Florida Single Family Homes 2024 3rd Quarter Report

Florida Townhouses and Condos September 2024 Market Report

Florida Townhouses and Condos September 2024 Market Report

Florida Townhouses and Condos 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 sooner than later. Closed sales were down by 20.7% compared to last month’s decrease of 14.9%.  New sales under contract (new pending sales) decreased by 16.3% (In August, there was a 19.0% decrease).

Prices were mixed for September compared to last year. The median sales price was down by 3.4% for September (down by 4.3% in August). And the average sales price increased by 1.8% (was up by 3.7% in August).

The inventory of active listings increased by 65.3% from September last year.  This results in a 7.4-month supply of inventory as compared to a 4.1-month supply for September 2023.  We remain in a buyer’s market for Florida townhouse and condo sales after a long stretch in a seller’s market.  A balanced market favoring neither buyers nor sellers is considered to be 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.

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest 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 Townhouses and Condos September 2024 Market Report

Florida Single Family Homes September 2024 Market Report

Florida Single Family Homes September 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 12.3% (were down by 1.1% in August). New sales under contract (new pending sales) were down by 1.9% (were down by 4.2% in August).

Prices were mixed for September when compared to last year.  The (year-to-year) median sales price was up by 0.2% (down by 0.8% in August). And, the average sales price was down by 0.6% (down by 1.9% last month).

The inventory of available homes for sale increased by 39.6% from last year.  This represents a 4.6-month supply of inventory (September 2023 had a 3.2-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.

Florida Single Family Homes September 2024 Market Report
Recent Florida Market Report Posts:

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 September 2024 Market Report

 

Florida Townhouses and Condos August 2024 Market Report

Florida Townhouses and Condos August 2024 Market Report

Florida Townhouses and Condos 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 sooner than later. Closed sales were down by 14.9% compared to last month’s decrease of 1.2%.  New sales under contract (new pending sales) decreased by 19.0% (In July, there was a 10.4% decrease).

Prices were down for August compared to last year. The median sales price was down by 4.3% for August (down by 1.3% in July). And the average sales price increased by 3.7% (was up by 3.0% in July).

The inventory of active listings increased by 74.7% from August last year.  This results in a 7.2-month supply of inventory as compared to a 3.8-month supply for August 2023.  We remain in a buyer’s market for Florida townhouse and condo sales after a long stretch in a seller’s market.  A balanced market favoring neither buyers nor sellers is considered to be 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.

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest 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 Townhouses and Condos August 2024 Market Report

Florida Single Family Homes August 2024 Market Report

Florida Single Family Homes August 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 1.1% (were up by 5.2% in July). New sales under contract (new pending sales) were down by 4.2% (were down by 0.6% in July).

Prices were also down for August when compared to last year.  The (year-to-year) median sales price was down by 0.8% (up by 0.5% in July). And, the average sales price was down by 1.9% (up by 2.2% last month).

The inventory of available homes for sale increased by 49.5% from last year.  This represents a 4.5-month supply of inventory (August 2023 had a 3.0-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.

Florida Single Family Homes August 2024 Market Report
Recent Florida Market Report Posts:

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 August 2024 Market Report

 

Florida Townhouses and Condos 2024 2nd Quarter Report

Florida Townhouses and Condos 2024 2nd Quarter Report

Click the image below to view the 2024 2nd Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2024 2nd Quarter Report

For the 2nd quarter of 2024, the Florida townhouse and condo real estate market continued to show weaker sales activity. Prices and inventory both rose for this quarter. Interest rates remain high. So, I expect sales to stay sluggish at least until mortgage rates come down a bit. We have now entered into a buyer’s market for this segment of the Florida real estate market.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2024 2nd Quarter Report

Florida Single Family Homes 2024 2nd Quarter Report

Florida Single Family Homes 2024 2nd Quarter Report

Click the image below to view the full details of the 2024 2nd quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2024 2nd Quarter Report

For the 2nd quarter of 2024, Florida single-family homes continued the trend of reduced sales volume. Prices and inventory both rose for this quarter. Interest rates remain high. So, I expect sales to stay somewhat sluggish. Though we have become a seller’s market once again. I suspect that we will soon be in a buyer’s market.

View the entire set of data at the GabeSanders.com market data page.

Click here to view the previous Florida quarterly market reports

Florida Single Family Homes 2024 2nd Quarter Report

Florida Townhouses and Condos July 2024 Market Report

Florida Townhouses and Condos July 2024 Market Report

Florida Townhouses and Condos real estate market report had slightly weaker sales activity when compared to last year. The inventory numbers continue to grow, but we face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were down by 1.2% compared to last month’s decrease of 20.5%.  New sales under contract (new pending sales) decreased by 10.4% (In June, there was a 7.9% decrease).

Prices were mixed for July compared to last year. The median sales price was down by 1.3% for July (unchanged in June). And the average sales price increased by 3.0% (was up by 2.4% in June).

The inventory of active listings increased by 91.1% from July last year.  This results in a 7.4-month supply of inventory as compared to a 3.6-month supply for July 2023.  We remain in a buyer’s market for Florida townhouse and condo sales after a long stretch in a seller’s market.  A balanced market favoring neither buyers nor sellers is considered to be 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.

Florida Townhouses and Condos July 2024 Market Report
Florida Townhouses and Condos July 2024 Market Report

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest 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 Townhouses and Condos July 2024 Market Report

Florida Single Family Homes July 2024 Market Report

Florida Single Family Homes July 2024 Market Report

The Florida Single Family Home real estate market had slightly stronger sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were up by 5.2% (were down by 11.1% in June). New sales under contract (new pending sales) were down by 0.6% (were down by 2.3% in June).

Prices increased slightly for July when compared to last year.  The (year-to-year) median sales price was up by 0.5% (it was up by 1.7% in June). And, the average sales price was up by 2.2% (it was up by 4.7% last month).

The inventory of available homes for sale increased by 59.4% from last year.  This represents a 4.6-month supply of inventory (July 2023 had a 2.8-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.

Florida Single Family Homes July 2024 Market Report
Recent Florida Market Report Posts:

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 July 2024 Market Report

 

Florida Townhouses and Condos June 2024 Market Report

Florida Townhouses and Condos June 2024 Market Report

Florida Townhouses and Condos real estate market report had weaker sales activity when compared to last year. The inventory numbers continue to grow, but we face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were down by 20.5% compared to last month’s decrease of 8.6%.  New sales under contract (new pending sales) decreased by 7.9% (In May, there was a 13.8% decrease).

Prices were up for June compared to last year. The median sales price was up by 0.0% for June (also up by 1.5% in May). And the average sales price increased by 2.4% (was up by 3.1% in May).

The inventory of active listings increased by 91.9% from June last year.  This results in a 7.4-month supply of inventory as compared to a 3.6-month supply for June 2023.  We remain in a buyer’s market for Florida townhouse and condo sales after a long stretch in a seller’s market.  A balanced market favoring neither buyers nor sellers is considered to be 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.

Florida Townhouses and Condos June 2024 Market Report
Florida Townhouses and Condos June 2024 Market Report

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest 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 Townhouses and Condos June 2024 Market Report

Florida Single Family Homes June 2024 Market Report

Florida Single Family Homes June 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. Closed sales were down by 11.1% (were down by 0.5% in May). New sales under contract (new pending sales) were down by 2.3% (were down by 1.8% in May).

Prices increased for June when compared to last year.  The (year-to-year) median sales price was up by 1.7% (it was up by 1.6% in May). And, the average sales price was up by 4.7% (it was up by 5.0% last month).

The inventory of available homes for sale increased by 60.1% from last year.  This represents a 4.6-month supply of inventory (June 2023 had a 2.8-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.

Florida Single Family Homes June 2024 Market Report
Recent Florida Market Report Posts:

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 June 2024 Market Report

 

Florida Townhouses and Condos May 2024 Market Report

Florida Townhouses and Condos May 2024 Market Report

Florida Townhouses and Condos real estate market report had weaker sales activity when compared to last year. The inventory numbers continue to grow, but we face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were down by 8.6% compared to last month’s increase of 1.9%.  New sales under contract (new pending sales) decreased by 13.8% (In April, there was a 4.3% decrease).

Prices were up for May compared to last year. The median sales price was up by 1.5% for May (also up by 3.1% in April). And the average sales price increased by 3.1% (was up by 8.2% in April).

The inventory of active listings increased by 91.3% from May last year.  This results in a 7.2-month supply of inventory as compared to a 3.6-month supply for May 2023.  We have slipped into a buyer’s market for Florida townhouse and condo sales after a long period of being in a seller’s market.  A balanced market favoring neither buyers nor sellers is considered to be 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.

Florida Townhouses and Condos May 2024 Market Report
Florida Townhouses and Condos May 2024 Market Report

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest 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 Townhouses and Condos May 2024 Market Report

Florida Single Family Homes May 2024 Market Report

Florida Single Family Homes May 2024 Market Report

The Florida Single Family Home real estate market had slightly weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were down by 0.5% (were up by 5.8% in April). New sales under contract (new pending sales) were down by 1.8% (were up by 0.8% in April).

Prices increased for May when compared to last year.  The (year-to-year) median sales price was up by 1.6% (it was up by 4.9% in April). And, the average sales price was up by 5.0% (it was up by 9.2% last month).

The inventory of available homes for sale increased by 60.5% from last year.  This represents a 4.4-month supply of inventory (May 2023 had a 2.7-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be 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.

Florida Single Family Homes May 2024 Market Report
Recent Florida Market Report Posts:

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 May 2024 Market Report

 

Florida Townhouses and Condos 2024 1st Quarter Report

Florida Townhouses and Condos 2024 1st Quarter Report

Click the image below to view the 2024 1st Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2024 1st Quarter Report

For the 1st quarter of 2024, the Florida townhouse and condo real estate market continued the trend of reduced sales volume. Prices and inventory both rose for this quarter. Interest rates remain high. So, I expect sales to remain somewhat sluggish, though we remain in a seller’s market for Florida single-family home sales.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2024 1st Quarter Report

Florida Single Family Homes 2024 1st Quarter Report

Florida Single Family Homes 2024 1st Quarter Report

Click the image below to view the full details of the 2024 1st quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2024 1st Quarter Report

For the 1st quarter of 2024, Florida single-family homes continued the trend of reduced sales volume. Prices and inventory both rose for this quarter. Interest rates remain high. So, I expect sales to remain somewhat sluggish, and we have entered into a balanced market. I suspect that we will soon be in a buyer’s market.

View the entire set of data at the GabeSanders.com market data page.

Click here to view the previous Florida quarterly market reports

Florida Single Family Homes 2024 1st Quarter Report

Florida Townhouses and Condos April 2024 Market Report

Florida Townhouses and Condos April 2024 Market Report

Florida Townhouses and Condos real estate market report had slightly stronger sales activity when compared to last year. The inventory numbers continue to grow, but we face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were up by 1.9% compared to last month’s decrease of 16.6%.  New sales under contract (new pending sales) decreased by 4.3% (In March, there was a 12.6% decrease).

Prices were up for April compared to last year. The median sales price was up by 3.1% for April (also up by 3.1% in March). And the average sales price increased by 8.2% (was up by 1.5% in March).

The inventory of active listings increased by 84.5% from April last year.  This results in a 6.9-month supply of inventory as compared to a 3.5-month supply for April 2023.  We have entered into a balanced market for Florida townhouse and condo sales after a long period of a seller’s market.  A balanced market favoring neither buyers nor sellers is considered to be 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.

Florida Townhouses and Condos April 2024 Market Report
Florida Townhouses and Condos April 2024 Market Report

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest 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 Townhouses and Condos April 2024 Market Report

Florida Single Family Homes April 2024 Market Report

Florida Single Family Homes April 2024 Market Report

The Florida Single Family Home real estate market had slightly stronger sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were up by 5.8% (were down by 10.4% in March). New sales under contract (new pending sales) were up by 0.8% (were down by 3.0% in March).

Prices increased for April when compared to last year.  The (year-to-year) median sales price was up by 4.9% (it was up by 3.9% in March). And, the average sales price was up by 9.2% (it was up by 10.1% last month).

The inventory of available homes for sale increased by 52.9% from last year.  This represents a 4.2-month supply of inventory (April 2023 had a 2.6-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be 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.

Florida Single Family Homes April 2024 Market Report
Recent Florida Market Report Posts:

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 April 2024 Market Report