Florida Townhouses and Condos September 2022 Market Report

10.21.22 by

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
Download/view the full 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

10.20.22 by

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
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 September 2022 Market Report

 

Florida Townhouses and Condos August 2022 Market Report

09.22.22 by

Florida Townhouses and Condos August 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 20.3% as compared to last month’s decrease of 30.7%.  New sales under contract (new pending sales) decreased by 20.3% (In July, there was a 24.0% decrease).

Prices are still going up.  The median sales price was up by 20.8% (was up by 20.6% in July). While the average sales price increased by 10.8% (was up 11.6% in July).

The inventory of active listings increased by 12.6% from August of last year.  This results in 2.2 months supply of inventory as compared to 1.7 months for August 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 August 2022 Market Report

Click here to view the full 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 August 2022 Market Report

09.21.22 by

Florida Single Family Homes August 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last August.  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. (Don’t ask me how long!) Closed sales were down by 15.8% (were down by 22.9% in July). New sales under contract (new pending sales) were down by 18.0% (were down by 19.2% in July).

Prices are still going up.  The median sales price rose by 15.0% (it was up by 16.1% in July). And, the average sales price was up by 11.0% (it was up by 12.0% last month).

The inventory of available homes for sale increased by 70.4% from last year.  This represents a 2.4 months supply of inventory. Florida remains in a seller’s market with a major advantage for sellers. (August 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 August 2022 Market Report

Click here to 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 2022 Market Report

 

Florida Townhouses and Condos July 2022 Market Report

08.22.22 by

Florida Townhouses and Condos July 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. While we continue to have historically low inventory (though it is increasing), 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 30.7% as compared to last month’s decrease of 27.0%.  New sales under contract (new pending sales) decreased by 24.0% (In June, there was a 30.1% decrease).

Prices are still going up.  The median sales price was up by 20.6% (was up by 26.4% in June). While the average sales price increased by 11.6% (was up 21.6% in June).

The inventory of active listings increased by 9.5% from July of last year.  This results in 2.1 months supply of inventory as compared to 1.8 months for July 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 July 2022 Market Report

Click here to view the full 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 July 2022 Market Report

Florida Single Family Homes July 2022 Market Report

08.19.22 by

Florida Single Family Homes July 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last July.  While we continue to have historically low inventory, 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. (Don’t ask me how long!) Closed sales were down by 22.9% (were down by 17.2% in June). New sales under contract (new pending sales) were down by 19.2% (were down by 20.9% in June).

Prices are still going up.  The median sales price rose by 16.1% (it was up by 19.7% in June). And, the average sales price was up by 12.0% (it was up by 13.9% last month).

The inventory of available homes for sale increased by 67.5% from last year.  This represents a 2.2 months supply of inventory. Florida remains in a seller’s market with a major advantage for sellers. (July 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 July 2022 Market Report

Click here to 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 2022 Market Report

 

Florida Townhouses and Condos 2022 2nd Quarter Report

07.29.22 by

Florida Townhouses and Condos 2022 2nd Quarter Report

Click the image below to view the 2022 2nd Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2022 2nd Quarter Report

Sales volume declined and prices increased in the 2nd quarter of 2022 when compared to the same Sales volume declined and prices increased in the 2nd 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.

To view the full report, click on the image above or this link.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2022 2nd Quarter Report

Florida Single Family Homes 2022 2nd Quarter Report

07.28.22 by

Florida Single Family Homes 2022 2nd Quarter Report

Click the image below to view the full details of the 2022 2nd quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2022 2nd Quarter Report

For the 2nd 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.

To view, the full report click the image above or this link.

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 2nd Quarter Report

Florida Townhouses and Condos June 2022 Market Report

07.21.22 by

Florida Townhouses and Condos June 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. While we continue to have historically low inventory (though it is increasing), 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. (Don’t ask me how long!) Closed sales were down by 27.0% as compared to last month’s decrease of 14.4%.  New sales under contract (new pending sales) decreased by 30.1% (In May, there was a 25.1% decrease).

Prices are still going up.  The median sales price was up by 26.4% (was up by 28.8% in May). While the average sales price increased by 21.6% (was up 19.2% in May).

The inventory of active listings increased by 2.4% from June of last year.  This results in 1.9 months supply of inventory as compared to 1.7 months for June 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 June 2022 Market Report

Click here to view the full 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 June 2022 Market Report

Florida Single Family Homes June 2022 Market Report

07.20.22 by

Florida Single Family Homes June 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last June.  While we continue to have historically low inventory, 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. (Don’t ask me how long!) Closed sales were down by 17.2% (were down by 6.9% in May). New sales under contract (new pending sales) were down by 20.9% (were down by 13.1% in May).

Prices are still going up.  The median sales price rose by 19.7% (it was up by 21.8% in May). And, the average sales price was up by 13.9% (it was up by 15.6% last month).

The inventory of available homes for sale increased by 61.8% from last year.  This represents only a 1.9 months supply of inventory. Florida remains in a seller’s market with a major advantage for sellers. (June 2021 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.

Florida Single Family Homes June 2022 Market Report

Click here to 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 2022 Market Report

 

Florida Townhouses and Condos May 2022 Market Report

06.22.22 by

Florida Townhouses and Condos May 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory and also increasing borrowing costs that are significantly affecting the real estate market.  This will most likely continue in the near future until inventory levels begin to rise. Closed sales were down by 14.4% as compared to last month’s decrease of 20.9%.  New sales under contract (new pending sales) decreased by 25.1% (In April, there was a 23.9% decrease).

Prices are still going up.  The median sales price was up by 28.8% (was up by 24.0% in April). While the average sales price increased by 19.2% (was up 16.4% in April).

The inventory of active listings decreased by 20.5% from May of last year.  This results in 1.5 months supply of inventory as compared to 1.9 months for May 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 May 2022 Market Report

Click here to view the full 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 May 2022 Market Report

Florida Single Family Homes May 2022 Market Report

06.21.22 by

Florida Single Family Homes May 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last May.  We remain in a market with low inventory (though that is beginning to change) as well as rising interest rates that are significantly affecting the real estate market.  Inventory rose slightly this month, so maybe we are in the very beginnings of a turn-around in the market. Closed sales were down by 6.9% (were down by 15.3% in April). New sales under contract (new pending sales) were down by 13.1% (were down by 13.9% in April).

Prices are still going up.  The median sales price rose by 21.8% (it was up by 21.8% in April). And, the average sales price was up by 15.6% (it was up by 12.8% last month).

The inventory of available homes for sale increased by 31.5% from last year.  This represents only a 1.4 months supply of inventory. Florida remains in a seller’s market with a major advantage for sellers. (May 2021 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.

Florida Single Family Homes May 2022 Market Report

Click here to 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 2022 Market Report

 

Florida Townhouses and Condos April 2022 Market Report

05.20.22 by

Florida Townhouses and Condos April 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory and also increasing borrowing costs that are significantly affecting the real estate market.  This will most likely continue in the near future until inventory levels begin to rise. Closed sales were down by 20.9% as compared to last month’s decrease of 11.4%.  New sales under contract (new pending sales) decreased by 23.9% (In March, there was a 21.3% decrease).

Prices, however, continued to rise in April.  The median sales price was up by 24.0% (was up by 27.3% in March). While the average sales price increased by 16.4% (was up 25.5% in March).

The inventory of active listings decreased by 37.9% from April of last year.  This results in 1.3 months supply of inventory as compared to 2.3 months for April 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 April 2022 Market Report

Click here to view the full 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 April 2022 Market Report

Florida Single Family Homes April 2022 Market Report

05.19.22 by

Florida Single Family Homes April 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last April.  We remain in a market with unprecedented low inventory as well as rising interest rates that are significantly affecting the real estate market.  Inventory rose slightly this month, so maybe we are in the very beginnings of a turn-around in the market. Closed sales were down by 15.3% (were down by 6.2% in March). New sales under contract (new pending sales) were down by 13.9% (were down by 12.4% in March).

Prices are continuing their rise.  The median sales price rose by 21.8% (it was up by 21.1% in March). And, the average sales price was up by 12.8% (it was up by 16.9% last month).

The inventory of available homes for sale increased by 6.9% from last year.  This represents only a 1.1 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (April 2021 also 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.

Florida Single Family Homes April 2022 Market Report

Click here to 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 2022 Market Report

 

Florida Townhouses and Condos 2022 1st Quarter Report

04.27.22 by

Florida Townhouses and Condos 2022 1st Quarter Report

Click the image below to view the 2022 1st Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2022 1st Quarter Report

Sales volume declined in the 1st quarter of 2022 when compared to the same period last year.  This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices and increasing interest rates. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume in the near future.

To view the full report, click on the image above or this link.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2022 1st Quarter Report

Florida Single Family Homes 2022 1st Quarter Report

04.26.22 by

Florida Single Family Homes 2022 1st Quarter Report

Click the image below to view the full details of the 2022 1st quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2022 1st Quarter Report

For the 1st quarter of 2022, Florida single-family homes showed reduced sales activity when compared to last year.  This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices and increasing interest rates. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume in the near future.

To view, the full report click the image above or this link.

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 1st Quarter Report

Florida Townhouses and Condos March 2022 Market Report

04.21.22 by

Florida Townhouses and Condos March 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  This will most likely continue in the near future until inventory levels begin to rise. Closed sales were down by 11.4% as compared to last month’s decrease of 3.6%.  New sales under contract (new pending sales) decreased by 21.3% (In February, a 17.1% decrease).

Prices, however, continued to rise in March.  The median sales price was up by 27.3% (was up by 24.3% in February). While the average sales price increased by 25.5% (was up 19.0% in February).

The inventory of active listings decreased by 48.5% from March of last year.  This results in 1.2 months supply of inventory as compared to 2.8 months for March 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 March 2022 Market Report

Click here to view the full 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 March 2022 Market Report

Florida Single Family Homes March 2022 Market Report

04.20.22 by

Florida Single Family Homes March 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last March.  We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  I don’t really see any quick turnaround until the inventory starts to increase. Closed sales were down by 6.2% (were down by 1.2% in February). New sales under contract (new pending sales) were down by 12.4% (were down by 12.6% in February).

Prices are continuing their rise.  The median sales price rose by 21.1% (it was up by 23.0% in February). And, the average sales price was up by 16.9% (it was up by 16.7% last month).

The inventory of available homes for sale decreased by 10.2% from last year.  This represents only a 1.0 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (March 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 March 2022 Market Report

Click here to 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 2022 Market Report

 

Florida Townhouses and Condos February 2022 Market Report

03.19.22 by

Florida Townhouses and Condos February 2022 Market Report

Florida Townhouses and Condos showed slightly slower sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  This will most likely continue in the near future until inventory levels begin to rise. Closed sales were down by 3.6% as compared to last month’s increase of 6.7%.  New sales under contract (new pending sales) decreased by 17.1% (In January, a 7.3% decrease).

Prices continued to rise in February.  The median sales price was up by 24.3% (was up by 23.9% in January). While the average sales price increased by 19.0% (was up 19.6% in January).

The inventory of active listings decreased by 55.7% from February of last year.  This results in 1.2 months supply of inventory as compared to 3.4 months for February 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 February 2022 Market Report

Click here to view the full 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 February 2022 Market Report

Florida Single Family Homes February 2022 Market Report

03.18.22 by

Florida Single Family Homes February 2022 Market Report

The Florida Single Family Home market activity had slightly lower sales volume compared to last February.  We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  I don’t really see any quick turnaround until the inventory starts to increase. Closed sales were down by 1.2% (were up by 1.4% in January). New sales under contract (new pending sales) were down by 12.6% (were down by 9.4% in January).

Prices continue to rise.  The median sales price rose by 21.1% (it was up by 23.0% in January). And, the average sales price was up by 16.9% (it was up by 16.7% last month).

The inventory of available homes for sale decreased by 24.1% from last year.  This represents only a 0.9 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (February 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 February 2022 Market Report

Click here to 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 2022 Market Report