Florida Townhouses and Condos February 2025 Market Report

Florida Townhouses and Condos February 2025 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 mortgage rates higher than recent past. Closed sales were down by 13.0% compared to last month’s decrease of 3.7%.  New sales under contract (new pending sales) decreased by 14.8% (In January, there was a 13.7% decrease).

Prices were mixed for January compared to last year. The median sales price was down by 3.1% for February (down by 2.3% in January). But the average sales price increased by 0.8% (was up by 3.3% in January).

The inventory of active listings increased by 36% from February last year.  This results in a 9.7-month supply of inventory as compared to a 6.3-month supply for February 2024.  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 February 2025 Market Report

Florida Single Family Homes February 2025 Market Report

Florida Single Family Homes February 2025 Market Report

The February Florida Single Family Home real estate market had decreased sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and mortgage rates higher than recent past. Closed sales were down by 7.0%% (were up by 3.6% in January). New sales under contract (new pending sales) were down 6.6% (were down by 4.1% in January).

Prices were mixed for February when compared to last year.  The (year-to-year) median sales price was even at $415,000 (up by 1.2% in January). And, the average sales price was up by 11.0% (up by 5.0% last month).

The inventory of available homes for sale increased by 31.6% from last year.  This represents a 5.3-month supply of inventory (February 2024 had a 3.9-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 February 2025 Market Report

 

Florida Townhouses and Condos January 2025 Market Report

Florida Townhouses and Condos January 2025 Market Report

Florida Townhouses and Condos real estate market had slightly weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and mortgage rates higher than recent past. Closed sales were down by 3.7% compared to last month’s decrease of 0.5%.  New sales under contract (new pending sales) decreased by 13.7% (In December, there was a 13.5% decrease).

Prices were mixed for December compared to last year. The median sales price was down by 2.3% for December (down by 4.5% in December). But the average sales price increased by 3.3% (was down by 1.9% in December).

The inventory of active listings increased by 39.3% from January last year.  This results in a 9.1-month supply of inventory as compared to a 5.8-month supply for January 2024.  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 January 2025 Market Report

Florida Single Family Homes January 2025 Market Report

Florida Single Family Homes January 2025 Market Report

The January Florida Single Family Home real estate market had mixed sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and mortgage rates higher than recent past. Closed sales were up by 3.6% (were up by 12.8% in December). New sales under contract (new pending sales) were down 4.1% (were up by 0.9% in December).

Prices were up for January when compared to last year.  The (year-to-year) median sales price was up by 1.2% (down by 0.6% in December). And, the average sales price was up by 5.0% (up by 4.1% last month).

The inventory of available homes for sale increased by 31.3% from last year.  This represents a 5.1-month supply of inventory (January 2024 had a 3.8-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.

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 January 2025 Market Report

 

Florida Townhouses and Condos Sales 2024 Yearly Review

Florida Townhouses and Condos Sales 2024 Yearly Review

The Florida Townhouses and Condos Sales for 2024 continues to show weak sales activity, but not quite as bad when compared to the previous year. The real estate market has experienced numerous issues with prices that rose too rapidly, increasing mortgage and insurance rates, and worries about the economy. Add to that, in the condo market, buildings three stories or higher faced milestone studies for safety and sometimes accompanying high assessments. Year-to-year closed sales were down by 10.5% compared to 2023 which saw a decrease of 16.5% and new sales under contract (new pending sales) decreased by 11.7% (2023 saw a decrease of 13.2%).

Both median and average sales prices were marginally changed (year to year), -0.8 and +1.5% respectively (2023 numbers were 5.2% and 3.9%).  Prices are not rising as fast as in previous years such as the time around COVID.

Inventory increased by 42.8% as compared to 2023’s increase of 52.6%. And, the supply of properties rose to 8.2 months as compared to 5.1 months in 2023.  It is clearly a buyer’s market for Florida townhouses and condos.

 Click here to view or download the full report: 
Townhouses and Condos Sales in Florida for 2024

View previous Florida Townhouses and Condos Yearly Reviews Here!

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit PineappleGroupFL.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 Sales 2024 Yearly Review

Florida Single Family Home Sales 2024 Yearly Review

Florida Single Family Home Sales 2024 Yearly Review

The Florida Single Family Home Sales for 2024 as reported by Florida Realtors is showing an adjustment to the real estate market after prices rose rapidly during COVID, mortgage rates increased, and worries about the economy heightened. However, the adjustment is far less severe than the prior year and there is a glimmer of hope in an overall increase to sale prices.

Year-to-year closed sales were down by 1.9% (down by 10.3% in 2023) and new sales under contract (new pending sales) decreased by 1.0% (down by 7.1% in 2023). Both median and average sales prices were up (2023 to 2024) by 2.4% and 4.5% respectively.   These numbers were 1.9% and 2.1% respectively for 2023.

The inventory of available homes for sale increased by 27% from 2023.  While the month’s supply of homes increased to 4.7 months.  Indicating that the Florida single-family home market is still in a seller’s market.

Click here to view or download the full report:
2024 Florida Single Family Home Sales Review

View previous Florida Single Family Home Yearly Reviews

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit PineappleGroupFL.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 Home Sales 2024 Yearly Review

Florida Townhouses and Condos 2024 4th Quarter Report

Florida Townhouses and Condos 2024 4th Quarter Report

Click the image below to view the 2024 4th Quarter Report as reported by Florida Realtors.

For the 4th quarter of 2024, the Florida townhouse and condo real estate market continued to show weaker sales activity. Prices were down and inventory rose for this quarter. Interest rates remain high. So, I expect sales to stay sluggish at least until mortgage rates come down more. 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 PineappleGroupFL.com

Florida Townhouses and Condos 2024 4th Quarter Report

Florida Single Family Homes 2024 4th Quarter Report

Florida Single Family Homes 2024 4th Quarter Report

Click the image below to view the full details of the 2024 4th quarter single-family home market report as reported by Florida Realtors.

For the 4th quarter of 2024, Florida single-family homes increased in sales volume. Prices remained stable with a slight increase while inventory rose for this quarter. Interest rates remain high. So, I expect sales to stay somewhat sluggish. Though are currently in a seller’s market, that will change as inventory continues to increase.

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

Click here to view the previous Florida quarterly market reports

Florida Single Family Homes 2024 4th Quarter Report

Florida Townhouses and Condos December 2024 Market Report

Florida Townhouses and Condos December 2024 Market Report

Florida Townhouses and Condos 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% compared to last month’s decrease of 15.6%.  New sales under contract (new pending sales) decreased by 13.5% (In November, there was a 4.9% decrease).

Prices were down for November compared to last year. The median sales price was down by 4.5% for December (down by 5.8% in November). And the average sales price decreased by 1.9% (was down by 6.7% in November).

The inventory of active listings increased by 42.8% from November last year.  This results in a 8.2-month supply of inventory as compared to a 5.1-month supply for December 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 December 2024 Market Report

Florida Single Family Homes December 2024 Market Report

Florida Single Family Homes December 2024 Market Report

The Florida Single Family Home real estate market had 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 12.8% (were down by 3.5% in November). New sales under contract (new pending sales) were up by 0.9% (were up by 12% in November).

Prices were also up for December when compared to last year.  The (year-to-year) median sales price was down by 0.6% (down by 0.6% in November). And, the average sales price was up by 4.1% (up by 3.4% last month).

The inventory of available homes for sale increased by 27% from last year.  This represents a 4.7-month supply of inventory (December 2023 had a 3.6-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered 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 December 2024 Market Report

 

Florida Townhouses and Condos November 2024 Market Report

Florida Townhouses and Condos November 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 15.6% compared to last month’s decrease of 19.9%.  New sales under contract (new pending sales) decreased by 4.9% (In October, there was a 18.3% decrease).

Prices were down for November compared to last year. The median sales price was down by 5.8% for November (down by 2.2% in October). And the average sales price decreased by 6.7% (was down by 0.5% in October).

The inventory of active listings increased by 46.1% from November last year.  This results in a 8.2-month supply of inventory as compared to a 5-month supply for November 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 November 2024 Market Report

Florida Single Family Homes November 2024 Market Report

Florida Single Family Homes November 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, though recent moves from the Fed should hopefully help in the near future. Closed sales were down by 3.5% (were down by 5.6% in October). New sales under contract (new pending sales) were UP by 12% (were down by 7.8% in October), perhaps reflecting consumer optimism.

Prices were mixed for October when compared to last year.  The (year-to-year) median sales price was down by 0.6% (up by 1.2% in October). And, the average sales price was up by 3.4% (up by 2.5% last month).

The inventory of available homes for sale increased by 26.9% from last year.  This represents a 4.8-month supply of inventory (November 2023 had a 3.7-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered 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 November 2024 Market Report

 

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