Florida Townhouses and Condos March 2023 Market Report

Florida Townhouses and Condos March 2023 Market Report

Florida Townhouses and Condos market report continue to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 23.5% compared to last month’s decrease of 30.2%.  New sales under contract (new pending sales) decreased by 19.3% (In February, there was a 24.2% decrease).

Year-to-year prices were higher. However, these price increases have moderated which may indicate future increased activity. The median sales price was up by 3.9% (was up by 8.6% in February). And the average sales price increased by 1.1% (was up 2.9% in February).

The inventory of active listings increased by 107.6% from March last year.  This results in 3.4 months supply of inventory as compared to 1.2 months for March 2021.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Florida Townhouses and Condos March 2023 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 March 2023 Market Report

Florida Single Family Homes March 2023 Market Report

Florida Single Family Homes March 2023 Market Report

The Florida Single Family Home continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 15.0% (were down by 21.3% in February). New sales under contract (new pending sales) were down by 12.0% (were down by 11.6% in February).

Prices were mixed for March.  The (year-to-year) median sales price rose by 2.1% (it was up by 3.5% in February). And, the average sales price was down by 2.1% (it was down by 1.8% last month).

The inventory of available homes for sale increased by 115.8% from last year.  This represents a 2.7 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (March 2021 had a 1.0 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes March 2023 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 March 2023 Market Report

 

Florida Townhouses and Condos February 2023 Market Report

Florida Townhouses and Condos February 2023 Market Report

Florida Townhouses and Condos market report continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 30.2% compared to last month’s decrease of 40.7%.  New sales under contract (new pending sales) decreased by 24.2% (In January, there was a 31.4% decrease).

Year-to-year prices were higher.  Though these price increases seem to have moderated a little, which may indicate future increased activity. The median sales price was up by 8.6% (was up by 8.8% in January). And the average sales price increased by 2.9% (was up 10.7% in January).

The inventory of active listings increased by 106% from February last year.  This results in 3.2 months supply of inventory as compared to 1.2 months for February 2021.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Florida Townhouses and Condos February 2023 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 2023 Market Report

Florida Single Family Homes February 2023 Market Report

Florida Single Family Homes February 2023 Market Report

The Florida Single Family Home continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Price increases seem to have moderated, which may indicate future increased activity. Closed sales were down by 21.3% (were down by 32.5% in January). New sales under contract (new pending sales) were down by 11.6% (were down by 19.4% in January).

Prices rose for February, though at a reduced rate.  The (year-to-year) median sales price rose by 3.5% (it was up by 4.0% in January). And, the average sales price was down by 1.8% (it was up by 5.2% last month).

The inventory of available homes for sale increased by 131.4% from last year.  This represents a 2.7 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (February 2021 had a 0.9 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes February 2023 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 February 2023 Market Report

 

Florida Townhouses and Condos January 2023 Market Report

Florida Townhouses and Condos January 2023 Market Report

Florida Townhouses and Condos market report continue to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Price increases seem to have moderated a little, which may indicate future increased activity. Closed sales were down by 40.7% compared to last month’s decrease of 40.0%.  New sales under contract (new pending sales) decreased by 31.4% (In December, there was a 39.9% decrease).

Year-to-year prices were higher.  The median sales price was up by 8.8% (was up by 8.8% in December). While the average sales price increased by 10.7% (was up 1.5% in December).

The inventory of active listings increased by 90.0% from January last year.  This results in 3.1 months supply of inventory as compared to 1.2 months for January 2021.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos January 2023 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 2023 Market Report

Florida Single Family Homes January 2023 Market Report

Florida Single Family Homes January 2023 Market Report

The Florida Single Family Home continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Price increases seem to have moderated, which may indicate future increased activity. Closed sales were down by 32.5% (were down by 36.1% in December). New sales under contract (new pending sales) were down by 19.4% (were down by 31.5% in December).

Prices were up for January.  The (year-to-year) median sales price rose by 4.0% (it was up by 5.6% in December). And, the average sales price was down by 5.2% (it was up by 4.0% last month).

The inventory of available homes for sale increased by 134.2% from last year.  This represents a 2.8 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (January 2021 had a 1.0 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes January 2023 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 January 2023 Market Report

 

Florida Townhouses and Condos December 2022 Market Report

Florida Townhouses and Condos December 2022 Market Report

Florida Townhouses and Condos market report continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Price increases seem to have moderated which may be an indication for future increased activity. Closed sales were down by 40.0% as compared to last month’s decrease of 38.9%.  New sales under contract (new pending sales) decreased by 39.9% (In November, there was a 42.1% decrease).

Year-to-year prices are still going up but at a lower pace.  The median sales price was up by 8.8% (was up by 12.3% in November). While the average sales price increased by 1.5% (was up 10.1% in November).

The inventory of active listings increased by 65.0% from December of last year.  This results in 2.8 months’ supply of inventory as compared to 1.3 months for December 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos December 2022 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 2022 Market Report

Florida Single Family Homes December 2022 Market Report

Florida Single Family Homes December 2022 Market Report

The Florida Single Family Home continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Price increases seem to have moderated which may be an indication for future increased activity. Closed sales were down by 36.1% (were down by 38.2% in November). New sales under contract (new pending sales) were down by 31.5% (were down by 36.8% in November).

Prices were mixed for December.  The (year-to-year) median sales price rose by 5.6% (it was up by 9.6% in November). And, the average sales price was down by 4.0% (it was up by 5.5% last month).

The inventory of available homes for sale increased by 116.8% from last year.  This represents a 2.7 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (December 2021 had a 1.0 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes December 2022 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 December 2022 Market Report

 

Florida Townhouses and Condos 2022 4th Quarter Report

Florida Townhouses and Condos 2022 4th Quarter Report

Click the image below to view the 2022 4th Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2022 4th Quarter Report

For the 4th quarter of 2022, the Florida townhouse and condo real estate market continued the trend of reduced sales volume. Prices, unfortunately still rose, but at a reduced rate from previous reports. Inventory is increasing drifting us closer to a balanced market, though we are not quite there yet (still a seller’s market). Interest rates rose this past quarter but now seem to be flattening out which should be good for the future. If we can get prices under control, 2023 may end up being a decent market.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2022 4th Quarter Report

Florida Single Family Homes 2022 4th Quarter Report

Florida Single Family Homes 2022 4th Quarter Report

Click the image below to view the full details of the 2022 4th quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2022 4th Quarter Report

For the 4th quarter of 2022, Florida single-family homes continued the trend of reduced sales volume. Prices, unfortunately still rose, but at a reduced rate from previous reports. Inventory is increasing drifting us closer to a balanced market, though we are not quite there yet (still a seller’s market). Interest rates rose this past quarter but now seem to be flattening out which should be good for the future. If we can get prices under control, 2023 may end up being a decent 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 2022 4th Quarter Report

Florida Townhouses and Condos Sales 2022 Yearly Review

Florida Townhouses and Condos Sales 2022 Yearly Review

The Florida Townhouses and Condos Sales for 2022 is now showing the turnaround the real estate market has experienced with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 21.7% compared to 2021 which saw an increase of 34.2% and new sales under contract (new pending sales) decreased by 26.4% (2021 saw an increase of 29.2%).

Florida Townhouses and Condos Sales 2022 Yearly Review
Click the image to view the full report

Both median and average sales prices were up (year to year) by 21.6% and 16.3% respectively (2021 numbers were 17.2% and 26.4%).  A considerably higher rate of increase than the previous year.

Inventory increased by 65.0% as compared to 2021’s decrease of 57.4%. And, the supply of properties rose to 2.8 months as compared to 1.3 months in 2021.  Still a sellers’ market for Florida townhouses and condos.

 Click here to view or download the full report: 
Townhouses and Condos Sales in Florida for 2022

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 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 Sales 2022 Yearly Review

Florida Single Family Home Sales 2022 Yearly Review

Florida Single Family Home Sales 2022 Yearly Review

The Florida Single Family Home Sales for 2022 as reported by Florida Realtors is now showing the turnaround the real estate market has experienced with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 18.0% (up by 12.9% in 2021) and new sales under contract (new pending sales) decreased by 21.1% (up by 5.7% in 2021).

Both median and average sales prices were up (2021 to 2022) by 15.7% and 11.3% respectively.   These numbers were 20.0% and 25.8% respectively for 2021.

The inventory of available homes for sale increased by 116.8% from 2021.  While the month’s supply of homes increased to 2.7 months.  Indicating that Florida single-family home market is still in a seller’s market.

Click here to view or download the full report:
2022 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 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 Home Sales 2022 Yearly Review

Florida Townhouses and Condos November 2022 Market Report

Florida Townhouses and Condos November 2022 Market Report

Florida Townhouses and Condos market report continue to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales were down by 38.9% as compared to last month’s decrease of 26.9%.  New sales under contract (new pending sales) decreased by 42.1% (In October, there was a 42.5% decrease).

Year-to-year prices are still going up.  The median sales price was up by 12.3% (was up by 19.2% in October). While the average sales price increased by 10.1% (was up 17.6% in October).

The inventory of active listings increased by 47.4% from November of last year.  This results in 2.7 months’ supply of inventory as compared to 1.5 months for November 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos November 2022 Market Report

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

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 Townhouses and Condos November 2022 Market Report

Florida Single Family Homes November 2022 Market Report

Florida Single Family Homes November 2022 Market Report

The Florida Single Family Home continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales were down by 38.2% (were down by 24.6% in October). New sales under contract (new pending sales) were down by 36.8% (were down by 41.2% in October).

Prices are still going up.  The (year-to-year) median sales price rose by 9.6% (it was up by 12.0% in October). And, the average sales price was up by 5.5% (it was up by 13.2% last month).

The inventory of available homes for sale increased by 105.2% from last year.  This represents a 2.8 months supply of inventory. Florida remains in a seller’s market with a major advantage for sellers. (November 2021 had a 1.2 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes November 2022 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 November 2022 Market Report

 

Florida Townhouses and Condos 2022 3rd Quarter Report

Florida Townhouses and Condos 2022 3rd Quarter Report

Click the image below to view the 2022 3rd Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2022 3rd Quarter Report

Sales volume declined and prices increased in the 3rd quarter of 2022 when compared to the same Sales volume declined and prices increased in the 3rd quarter of 2022 when compared to the same period last year.  The good news is that inventory is beginning to increase. The bad news is that it’s not enough yet and there are also higher prices and interest rates. This is causing a market that is in transition, though I think it will take some time and may be painful for both buyers and sellers of residential real estate before we see significant improvement.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2022 3rd Quarter Report

Florida Single Family Homes 2022 3rd Quarter Report

Florida Single Family Homes 2022 3rd Quarter Report

Click the image below to view the full details of the 2022 3rd quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2022 3rd Quarter Report

For the 3rd quarter of 2022, Florida single-family homes showed reduced sales activity and higher prices when compared to last year.  The good news is that inventory is beginning to increase. The bad news is that it’s not enough yet and there are also higher prices and interest rates. This is causing a market that is in transition, though I think it will take some time and may be painful for both buyers and sellers of residential real estate before we see significant improvement.

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 2022 3rd Quarter Report

Florida Townhouses and Condos October 2022 Market Report

Florida Townhouses and Condos October 2022 Market Report

Florida Townhouses and Condos market report continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales were down by 26.9% as compared to last month’s decrease of 29.0%.  New sales under contract (new pending sales) decreased by 42.5% (In September, there was a 34.6% decrease).

Year-to-year prices are still going up.  The median sales price was up by 19.2% (was up by 20.5% in September). While the average sales price increased by 17.6% (was up 17.2% in September).

The inventory of active listings increased by 31.0% from October of last year.  This results in 2.5 months’ supply of inventory as compared to 1.6 months for September 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos October 2022 Market Report

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

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 Townhouses and Condos October 2022 Market Report

Florida Single Family Homes October 2022 Market Report

Florida Single Family Homes October 2022 Market Report

The Florida Single Family Home continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales were down by 24.6% (were down by 29.0% in September). New sales under contract (new pending sales) were down by 41.2% (were down by 32.0% in September).

Prices are still going up.  The (year-to-year) median sales price rose by 12.0% (it was up by 13.8% in September). And, the average sales price was up by 13.2% (it was up by 9.6% last month).

The inventory of available homes for sale increased by 88.4% from last year.  This represents a 2.7 months supply of inventory. Florida remains in a seller’s market with a major advantage for sellers. (October 2021 had a 1.3 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes October 2022 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 October 2022 Market Report

 

Florida Townhouses and Condos September 2022 Market Report

Florida Townhouses and Condos September 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 29.0% as compared to last month’s decrease of 20.3%.  New sales under contract (new pending sales) decreased by 34.6% (In August, there was a 20.3% decrease).

Prices are still going up.  The median sales price was up by 20.5% (was up by 20.8% in August). While the average sales price increased by 17.2% (was up 10.8% in August).

The inventory of active listings increased by 18.0% from September of last year.  This results in 2.3 months supply of inventory as compared to 1.7 months for September 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos September 2022 Market Report

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

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 Townhouses and Condos August 2022 Market Report

Florida Single Family Homes September 2022 Market Report

Florida Single Family Homes September 2022 Market Report

The Florida Single Family Home market had a lower sales volume than last September.  While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase, which will exert downward pressure on prices and hopefully increase sales. Though, this will take some time. (Don’t ask me how long!) Closed sales were down by 29.0% (were down by 15.8% in August). New sales under contract (new pending sales) were down by 32.0% (were down by 18.0% in August).

Prices are still going up.  The median sales price rose by 13.8% (it was up by 15.0% in August). And, the average sales price was up by 9.6% (it was up by 11.0% last month).

The inventory of available homes for sale increased by 74.9% from last year.  This represents a 2.5 months supply of inventory. Florida remains in a seller’s market with a major advantage for sellers. (September 2021 had a 1.3 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes September 2022 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 2022 Market Report