Florida Townhouses and Condos May 2022 Market Report

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

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

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

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

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

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

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

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

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

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

 

Florida Townhouses and Condos January 2022 Market Report

Florida Townhouses and Condos January 2022 Market Report

Florida Townhouses and Condos showed slightly better 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.  Closed sales were up by 6.7% as compared to last month’s increase of 5.4%.  New sales under contract (new pending sales) decreased by 7.3% (In December, a 5.9% increase).

Prices continued to rise in January.  The median sales price was up by 23.9% (was up by 19.9% in December). While the average sales price increased by 19.6% (was up 22.4% in December).

The inventory of active listings decreased by 58.0% from January of last year.  This results in 1.2 months supply of inventory as compared to 3.9 months for January 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 January 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 January 2022 Market Report

Florida Single Family Homes January 2022 Market Report

Florida Single Family Homes January 2022 Market Report

The Florida Single Family Home market activity had slightly better sales volume compared to last January.  We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  Closed sales were up by 1.4% (were down by 1.6% in December). New sales under contract (new pending sales) were down by 9.4% (were up by 4.2% in December).

Prices continue to rise.  The median sales price rose by 23.0% (it was up by 21.0% in December). And, the average sales price was up by 16.7% (it was up by 19.0% last month).

The inventory of available homes for sale decreased by 31.3% from last year.  This represents only a 1.0 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (January 2021 had a 1.6 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 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 January 2022 Market Report

 

Florida Townhouses and Condos Sales 2021 Yearly Review

Florida Townhouses and Condos Sales 2021 Yearly Review

The Florida Townhouses and Condos Sales for 2021 showed stronger sales results from last year.  Though most of the improved results were during the first half of the year. During the late summer and fall, the market experienced an unprecedented shortage of homes for sale which has negatively affected sales volume. Year to year closed sales were up by 34.2% as compared to 2020 which saw an increase of 2.5% and new sales under contract (new pending sales) increased by 29.2% (2020 saw an increase of 6.2%).

Florida Townhouse and Condo Sales 2021 Yearly Review
Click the image to view the full report

Both median and average sales prices were up (year to year) by 17.2% and 26.4% respectively (2020 numbers were 12.0% and 10.9%).  A considerably higher rate of increase than for the previous year.

Inventory decreased by 57.4% as compared to 2020’s decrease of 18.3%. And, the supply of properties dropped to 1.3 months as compared to 4.2 months for 2020.  Remaining in a sellers’ market for Florida townhouses and condos.

 Click here to view or download the full report: 
Townhouses and Condos Sales in Florida for 2021

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 2021 Yearly Review

Florida Single Family Home Sales 2021 Yearly Review

Florida Single Family Home Sales 2021 Yearly Review

The Florida Single Family Home Sales for 2021 as reported by Florida Realtors shows that this last year continued the positive momentum with an improved rate from the previous year. However, most of the improved results were during the year’s first half. In the late summer and fall, the market experienced an unprecedented shortage of homes for sale which negatively affected sales volume. Year-to-year closed sales were up by 12.9% (up by 5.8% in 2020) and new sales under contract (new pending sales) increased by 5.7% (up by 9.2% in 2020).

Both median and average sales prices were up (2020 to 2021) by 20.0% and 25.8% respectively.   These numbers were 9.6% and 15.8% respectively for 2021.

The inventory of available homes for sale decreased by 33.7% from 2020.  While the month’s supply of homes decreased to 1.0 months.  Indicating that Florida single-family homes remain in a strong 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 2021 Yearly Review

Florida Townhouses and Condos 2021 4th Quarter Report

Florida Townhouses and Condos 2021 4th Quarter Report

Click the image below to view the 2021 4th Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2021 4th Quarter Report

Sales volume declined in the 4th quarter of 2021 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. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume for a while.

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 2021 4th Quarter Report

Florida Single Family Homes 2021 4th Quarter Report

Florida Single Family Homes 2021 4th Quarter Report

Click the image below to view the full details of the 2021 4th quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2021 4th Quarter Report

For the 4th quarter of 2021, 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. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume for a while.

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 2021 4th Quarter Report

Florida Townhouses and Condos December 2021 Market Report

Florida Townhouses and Condos December 2021 Market Report

Florida Townhouses and Condos showed slightly better sales activity when compared to last year. This is an improvement from last month’s results. Closed sales were up by 5.4% as compared to last month’s decrease of 5.6%.  New sales under contract (new pending sales) increased by 5.9% (In November, a 0.4% decrease).

Prices continued to rise in December.  The median sales price was up by 19.9% (was up by 17.6% in November). While the average sales price increased by 22.4% (was up 19.6% in November).

The inventory of active listings decreased by 55.8% from December of last year.  This results in 1.5 months supply of inventory as compared to 4.7 months for December 2020.  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 2021 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.

Recent Florida Market Report Posts:

Florida Townhouses and Condos December 2021 Market Report

Florida Single Family Homes December 2021 Market Report

Florida Single Family Homes December 2021 Market Report

The Florida Single Family Home market activity had weaker sales volume compared to last December.  The unprecedented low volume of inventory is the primary cause.  Closed sales were down by 1.6% (were up by 4.3% in November). New sales under contract (new pending sales) were up by 4.2% (were down by 1.6% in November).

Prices, however, continue to rise.  The median sales price rose by 21.0% (it was up by 19.6% in November). And, the average sales price was up by 19.0% (it was up by 17.2% last month).

The inventory of available homes for sale decreased by 33.7% from last year.  This represents only a 1.0 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (December 2020 had a 1.8 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 2021 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 2021 Market Report

 

Florida Townhouses and Condos November 2021 Market Report

Florida Townhouses and Condos November 2021 Market Report

Florida Townhouses and Condos showed slightly better sales activity when compared to last year. This is an improvement from last month’s results. Closed sales were up by 5.4% as compared to last month’s decrease of 5.6%.  New sales under contract (new pending sales) increased by 5.9% (In October, a 0.4% decrease).

Prices continued to rise in November.  The median sales price was up by 19.9% (was up by 17.6% in October). While the average sales price increased by 22.4% (was up 19.6% in October).

The inventory of active listings decreased by 55.8% from November of last year.  This results in 1.5 months supply of inventory as compared to 4.7 months for November 2020.  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 2021 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.

Recent Florida Market Report Posts:

Florida Townhouses and Condos November 2021 Market Report

Florida Single Family Homes November 2021 Market Report

Florida Single Family Homes November 2021 Market Report

The Florida Single Family Home market activity was slightly more active in sales volume compared to last November. This is an improvement from October’s results. Closed sales were up by 4.3% (were down by 6.8% in October). New sales under contract (new pending sales) were up by 1.6% (were down by 3.6% in October).

Prices continue to rise.  The median sales price rose by 19.6% (it was up by 17.7% in October). And, the average sales price was up by 17.2% (it was up by 12.9% last month).

The inventory of available homes for sale decreased by 31.1% from last year.  This represents only a 1.2 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (November 2020 had a 2.0 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 November 2021 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 2021 Market Report