Florida Townhouses and Condos August 2023 Market Report

09.22.23 by

Florida Townhouses and Condos August 2023 Market Report

Florida Townhouses and Condos real estate market report continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are growing (though not as quickly as in the previous few months), but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 7.2% compared to last month’s decrease of 9.4%.  New sales under contract (new pending sales) decreased by 11.0% (In July, there was a 4.8% decrease).

Prices were up for August compared to last year. The median sales price was up by 6.2% for August (was up by 4.6% in July). And the average sales price increased by 10.8% (was up by 3.9% in July).

The inventory of active listings increased by 30.6% from August last year.  This results in a 3.8-month supply of inventory as compared to 2.2 months for August 2022.  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.

Please click on the image or link below to download the full Florida single-family real estate market report.

Florida Townhouses and Condos August 2023 Market Report
Florida Townhouses and Condos August 2023 Market Report
Download/view the full 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 2023 Market Report

Florida Single Family Homes August 2023 Market Report

09.21.23 by

Florida Single Family Homes August 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year. After numerous months of rising inventory, August showed unchanged numbers. We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 7.9% (were down by 6.4% in July). New sales under contract (new pending sales) were down by 11.7% (were down by 0.8% in July).

Prices increased slightly for August when compared to last year.  The (year-to-year) median sales price was up by 2.0% (it was up by 0.7% in July). And, the average sales price was up by 3.7% (it was up by 2.2% last month).

The inventory of available homes for sale increased by only 0.2% from last year.  This represents a 3.0-month supply of inventory (August 2022 had a 2.4-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 August 2023 Market Report
Download/View the full 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 2023 Market Report

 

Florida Townhouses and Condos 2023 2nd Quarter Report

08.30.23 by

Florida Townhouses and Condos 2023 2nd Quarter Report

Click the image below to view the 2023 2nd Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2023 2nd Quarter Report

For the 2nd quarter of 2023, the Florida townhouse and condo real estate market continued the trend of reduced sales volume. Prices appear to have moderated and mostly unchanged for this quarter. Inventory is continuing to increase, but it is not bringing in more buyers to date mainly due to the currently high interest rates.  I doubt that we will see any improvement in this market until rates begin to recede.

Click here to view/download the full report

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2023 2nd Quarter Report

Florida Single Family Homes 2023 2nd Quarter Report

08.29.23 by

Florida Single Family Homes 2023 2nd Quarter Report

Click the image below to view the full details of the 2023 1st quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2023 2nd Quarter Report

For the 2nd quarter of 2023, Florida single-family homes continued the trend of reduced sales volume. Prices appear to have stopped rising and are mostly unchanged for this quarter. Inventory is continuing to increase, but it is not bringing in more buyers to date mainly due to the currently high interest rates.  I doubt that we will see any improvement in this market until rates begin to recede.

Click here to view/download the full report

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 2023 2nd Quarter Report

Florida Townhouses and Condos July 2023 Market Report

08.28.23 by

Florida Townhouses and Condos July 2023 Market Report

Florida Townhouses and Condos real estate market report continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 9.4% compared to last month’s decrease of 11.0%.  New sales under contract (new pending sales) decreased by 4.8% (In June, there was an 3.6% decrease).

Prices were up slightly for July compared to last year. The median sales price was up by 4.6% for July (was unchanged at 0.0% in June). And the average sales price increased by 3.9% (was down 1.9% in June).

The inventory of active listings increased by 71.4% from July last year.  This results in 3.6 months supply of inventory as compared to 2.1 months for July 2022.  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.

Please click on the image or link below to download the full Florida single-family real estate market report.

Florida Townhouses and Condos July 2023 Market Report
Download/view the full 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 2023 Market Report

Florida Single Family Homes July 2023 Market Report

08.27.23 by

Florida Single Family Homes July 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year. The inventory numbers are rising (though at a reduced rate from previous months). We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 6.4% (were down by 7.9% in June). New sales under contract (new pending sales) were down by 0.8% (were down by 3.2% in June).

Prices increased slightly for July when compared to last year.  The (year-to-year) median sales price was up by 0.7% (it was unchanged at 0.0% in June). And, the average sales price was up by 2.2% (it was down by 0.9% last month).

The inventory of available homes for sale increased by 27.3% from last year.  This represents a 2.8 months supply of inventory (July 2022 had a 2.2 months 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 July 2023 Market Report
Download/View the full 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 2023 Market Report

 

Florida Townhouses and Condos June 2023 Market Report

07.21.23 by

Florida Townhouses and Condos June 2023 Market Report

Florida Townhouses and Condos real estate market report continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 11.0% compared to last month’s decrease of 14.1%.  New sales under contract (new pending sales) decreased by 3.6% (In May, there was an 11.9% decrease).

Prices were mostly flat or lower for June with little changes from last year. The median sales price was unchanged for June (was up by 0.9% in May). And the average sales price decreased by 1.9% (was down 1.9% in May).

The inventory of active listings increased by 40.5% from June last year.  This results in 3.6 months supply of inventory as compared to 1.9 months for June 2022.  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.

Please click on the image or link below to download the full Florida single-family real estate market report.

Florida Townhouses and Condos June 2023 Market Report
Download/view the full 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 2023 Market Report

Florida Single Family Homes June 2023 Market Report

07.20.23 by

Florida Single Family Homes June 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are rising (though at a reduced rate from previous months). we continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 7.9% (were down by 8.5% in May). New sales under contract (new pending sales) were down by 3.2% (were down by 9.1% in May).

Prices were mostly flat or lower for June with little changes from last year.  The (year-to-year) median sales price was unchanged at 0.0% (it was also unchanged at 0.0% in May). And, the average sales price was down by 0.9% (it was down by 0.2% last month).

The inventory of available homes for sale increased by 13.8% from last year.  This represents a 2.8 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (June 2022 had a 1.9 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory. 

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 2023 Market Report
Download/View the full 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 2023 Market Report

 

Florida Townhouses and Condos May 2023 Market Report

06.23.23 by

Florida Townhouses and Condos May 2023 Market Report

Florida Townhouses and Condos real estate market report continue to show weaker sales activity when compared to last year, but is improving. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 14.1% compared to last month’s decrease of 26.8%.  New sales under contract (new pending sales) decreased by 11.9% (In April, there was an 18.1% decrease).

Year-to-year prices were mixed. The median sales price was up by 0.9% (was up by 4.8% in April). And the average sales price decreased by 1.9% (was up 1.1% in April).

The inventory of active listings increased by 72.4% from May last year.  This results in 3.6 months supply of inventory as compared to 1.5 months for May 2022.  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 May 2023 Market Report
Download/view the full 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 2023 Market Report

Florida Single Family Homes May 2023 Market Report

06.22.23 by

Florida Single Family Homes May 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are rising (though at a reduced rate from previous months), but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 8.5% (were down by 17.2% in April). New sales under contract (new pending sales) were down by 9.1% (were down by 7.6% in April).

Prices were mostly flat for May with little changes from last year.  The (year-to-year) median sales price was unchanged at 0.0% (it was also unchanged at 0.0% in April). And, the average sales price was down by 0.2% (it was down by 3.6% last month).

The inventory of available homes for sale increased by 46.7% from last year.  This represents a 2.7 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (May 2022 had a 1.4 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 May 2023 Market Report
Download/View the full 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 2023 Market Report

 

Florida Townhouses and Condos 2023 1st Quarter Report

05.25.23 by

Florida Townhouses and Condos 2023 1st Quarter Report

Click the image below to view the 2023 1st Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2023 1st Quarter Report

For the 1st quarter of 2023, the Florida townhouse and condo real estate market continued the trend of reduced sales volume. Prices are still rising, though at a reduced rate from previous reports. Inventory is continuing to increase, but it is not bringing in more buyers to date.  I doubt that we will see any improvement until either interest rates or prices begin to go down.  Hopefully, both.

Click here to view/download the full report

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2023 1st Quarter Report

Florida Single Family Homes 2023 1st Quarter Report

05.24.23 by

Florida Single Family Homes 2023 1st Quarter Report

Click the image below to view the full details of the 2023 1st quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2023 1st Quarter Report

For the 1st quarter of 2023, Florida single-family homes continued the trend of reduced sales volume. Prices are still rising, though at a reduced rate from previous reports. Inventory is continuing to increase, but it is not bringing in more buyers to date.  I doubt that we will see any improvement until either interest rates or prices begin to go down.  Hopefully, both.

Click here to view/download the full report

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 2023 1st Quarter Report

Florida Townhouses and Condos April 2023 Market Report

05.19.23 by

Florida Townhouses and Condos April 2023 Market Report

Florida Townhouses and Condos real estate 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 26.8% compared to last month’s decrease of 23.5%.  New sales under contract (new pending sales) decreased by 18.1% (In March, there was a 19.3% decrease).

Year-to-year prices were higher. However, the rate of price increases has moderated which may indicate better future affordability. The median sales price was up by 4.8% (was up by 3.9% in March). And the average sales price increased by 1.1% (was up 1.1% in March).

The inventory of active listings increased by 97.4% from April last year.  This results in 3.5 months supply of inventory as compared to 1.3 months for April 2022.  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 April 2023 Market Report
Download/view the full 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 2023 Market Report

Florida Single Family Homes April 2023 Market Report

05.18.23 by

Florida Single Family Homes April 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year. The inventory numbers are rising (though at a reduced rate from previous months), but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 17.2% (were down by 15.0% in March). New sales under contract (new pending sales) were down by 7.6% (were down by 12.0% in March).

Prices were mostly down for April.  The (year-to-year) median sales price was unchanged at 0.0% (it was up by 2.1% in March). And, the average sales price was down by 3.6% (it was down by 2.1% last month).

The inventory of available homes for sale increased by 80.2% from last year.  This represents a 2.6 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (April 2022 had a 1.1 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.

April 2023 Florida Single Family Homes Market Report
Download/View the full 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 2023 Market Report

 

Florida Townhouses and Condos March 2023 Market Report

04.22.23 by

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
Download/view the full 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

04.21.23 by

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
Download/View the full 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

03.22.23 by

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
Download/view the full 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

03.21.23 by

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
Download/View the full 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

02.22.23 by

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
Download/view the full 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

02.21.23 by

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
Download/View the full 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