Search Results for: florida single family 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

 

Florida Single Family Homes January 2022 Market Report

02.21.22 by

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 Single Family Homes December 2021 Market Report

01.21.22 by

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
Download 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 December 2021 Market Report

 

Florida Single Family Homes November 2021 Market Report

12.22.21 by

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
Download 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 November 2021 Market Report

Florida Single Family Homes October 2021 Market Report

11.22.21 by

Florida Single Family Homes October 2021 Market Report

The Florida Single Family Home market activity was weaker than last October. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Though, I do see some indications that the inventory may soon start increasing. Closed sales were down by 6.8% (were down by 1.3% in September). New sales under contract (new pending sales) were down by 3.6% (were down by 6.1% in September).

Prices, however, continued to rise.  The median sales price rose by 17.7% (it was up by 18.3% in September). And, the average sales price was up by 12.9% (it was up by 16.3% last month).

The inventory of available homes for sale decreased by 29.9% from last year.  This represents only a 1.3 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (October 2020 had a 2.1 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 October 2021 Market Report
Download 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 October 2021 Market Report

Florida Single Family Homes September 2021 Market Report

10.22.21 by

Florida Single Family Homes September 2021 Market Report

The Florida Single Family Home market activity was weaker than last September. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales were down by 1.3% (were up by 0.2% in August). New sales under contract (new pending sales) were down by 6.1% (were down by 4.7% in August).

Prices, however, continued to rise.  The median sales price rose by 18.3% (it was up by 18.0% in August). And, the average sales price was up by 16.3% (it was up by 19.7% last month).

The inventory of available homes for sale decreased by 29.2% from last year.  This represents only a 1.3 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (September 2020 had a 2.2 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 September 2021 Market Report
Download 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 2021 Market Report

Florida Single Family Homes August 2021 Market Report

09.22.21 by

Florida Single Family Homes August 2021 Market Report

The Florida Single Family Home market activity was almost unchanged for closed sales when compared to last year. Pending sales were lower. This is a result of the historically low inventory of homes on the market. There are many buyers but not enough available homes. Closed sales were up by 0.2% (were down by 2.1% in July). New sales under contract (new pending sales) were down by 4.7% (were down by 14.1% in July).

Prices, however, continued to rise.  The median sales price rose by 18.0% (it was up by 20.3% in July). And, the average sales price was up by 19.7% (it was up by 22.8% last month).

The inventory of available homes for sale decreased by 32.4% from last year.  This represents only a 1.3 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (August 2020 had a 2.3 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 2021 Market Report
Download 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 2021 Market Report

Florida Single Family Homes July 2021 Market Report

08.23.21 by

Florida Single Family Homes July 2021 Market Report

The Florida Single Family Home market activity had a decline in closed sales when compared to last year. Pending sales were also lower. This is a result of the historically low inventory of homes on the market. There are many buyers but not enough available homes. Closed sales were down by 2.1% (were up by 23.6% in June). New sales under contract (new pending sales) were down by 14.1% (were down by 13.8% in June).

Prices continued to rise.  The median sales price rose by 20.3% (it was up by 24.5% in June). And, the average sales price was up by 22.8% (it was up by 36.0% last month).

The inventory of available homes for sale decreased by 38.9% from last year.  This represents only a 1.2 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (July 2020 had a 2.5 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 2021 Market Report
Download 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 2021 Market Report

Florida Single Family Homes June 2021 Market Report

07.22.21 by

Florida Single Family Homes June 2021 Market Report

The Florida Single Family Home showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 23.6% (were up by 57.9% in May). New sales under contract (new pending sales) were down by 13.8% (were up by 0.1% in May).

Prices continued to rise.  The median sales price rose by 24.5% (it was up by 27.7% in May). And, the average sales price was up by 36.0% (it was up by 47.3% last month).

The inventory of available homes for sale decreased by 47.3% from last year.  This represents only a 1.2 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (June 2020 had a 2.8 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.

June 2021 Florida Single Family Homes Market Report
Download 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 2021 Market Report

Florida Single Family Homes May 2021 Market Report

06.22.21 by

Florida Single Family Homes May 2021 Market Report

The Florida Single Family Home showed improved activity when compared to last year. Closed and new pending sales were both up for the month when compared to last year. Closed sales were up by 57.9% (were up by 55.4% in April). New sales under contract (new pending sales) were up by 0.1% (were up by 60.7% in April).

Prices were also up for May.  The median sales price rose by 27.7% (it was up by 22.4% in April). And, the average sales price was up by 47.3% (it was up by 46.1% last month).

The inventory of available homes for sale decreased by 58.2% from last year.  This represents only a 1.1 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (May 2020 had a 3.3 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 May 2021 Market Report
Download 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 2021 Market Report

Florida Single Family Homes April 2021 Market Report

05.21.21 by

Florida Single Family Homes April 2021 Market Report

The Florida Single Family Home continues to show improved activity when compared to last year. Closed and new pending sales were both up for the month when compared to last year. Closed sales were up by 55.4% (were up by 23.3% in March). New sales under contract (new pending sales) were up by 60.7% (were up by 48.2% in March).

Prices were also up for April.  The median sales price rose by 22.4% (it was up by 18.9% in March). And, the average sales price was up by 46.1% (it was up by 37.6% last month).

The inventory of available homes for sale decreased by 61.8% from last year.  This represents only a 1.1 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (April 2020 had a 3.4 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 April 2021 Market Report
Download 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 2021 Market Report

Florida Single Family Homes March 2021 Market Report

04.22.21 by

Florida Single Family Homes March 2021 Market Report

The Florida Single Family Home continues to show stronger activity when compared to last year. Closed and new pending sales were both up for the month when compared to last year. Closed sales were up by 23.3% (were up by 15.7% in February). New sales under contract (new pending sales) were up by 48.2% (were up by 10.9% in February).

Prices were also up for March.  The median sales price rose by 18.9% (it was up by 16.6% in February). And, the average sales price was up by 37.6% (it was up by 28.7% last month).

The inventory of available homes for sale decreased by 62.1% from last year.  This represents a 1.2 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (March 2020 had a 3.4 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 March 2021 Market Report
Download 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 2021 Market Report

Florida Single Family Homes February 2021 Market Report

03.23.21 by

Florida Single Family Homes February 2021 Market Report

The Florida Single Family Home continues to show better activity when compared to last year. Closed and pending sales were both up for the month when compared to last year. Closed sales were up by 15.7% (were up by 18.0% in January). New sales under contract (new pending sales) were up by 10.9% (were up by 16.9% in January).

Prices were also up for February.  The median sales price rose by 16.6% (it was up by 15.1% in January). And, the average sales price was up by 28.7% (it was up by 25.6% last month).

The inventory of available homes for sale decreased by 56.3% from last year.  This represents a 1.3 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (February 2020 had a 3.3 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.

Download 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 2021 Market Report

Florida Single Family Homes January 2021 Market Report

02.25.21 by

Florida Single Family Homes January 2021 Market Report

The Florida Single Family Home continues to show strong activity. Closed and pending sales were both up for the month when compared to last year. Closed sales were up by 18.0% (were up by 21.0% in December). New sales under contract (new pending sales) were up by 16.9% (were up by 30.7% in December).

Prices were also up for January.  The median sales price rose by 15.1% (it was up by 14.4% in December). And, the average sales price was up by 25.6% (it was up by 29.5% last month).

The inventory of available homes for sale decreased by 51.1% from last year.  This represents a 1.6 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (January 2020 had a 3.4 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 January 2021 Market Report
Download 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 2021 Market Report

Florida Single Family Homes December 2020 Market Report

01.23.21 by

Florida Single Family Homes December 2020 Market Report

The Florida Single Family Home continues to show strong activity. Closed and pending sales were both up for the month when compared to last year. Closed sales were up by 21.0% (were up by 22.9% in November). New sales under contract (new pending sales) were up by 30.7% (were up by 16.7% in November).

Prices were also up for December.  The median sales price rose by 14.4% (it was up by 14.1% in November). And, the average sales price was up by 29.5% (it was up by 25.9% last month).

The inventory of available homes for sale decreased by 44.1% from last year.  This represents a 1.8 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (December 2019 had a 3.3 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 December 2020 Market Report
Download 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 December 2020 Market Report

Florida Single Family Homes November 2020 Market Report

12.22.20 by

Florida Single Family Homes November 2020 Market Report

The Florida Single Family Home continues to show strong activity. Closed and pending sales are up for the month when compared to last year. Closed sales were up by 22.9% (were up by 26.9% in October). New sales under contract (new pending sales) were up by 16.7% (were up by 20.7% in October).

Prices were also up for November.  The median sales price rose by 14.1% (it was up by 15.6% in October). And, the average sales price was up by 25.9% (it was up by 27.2% last month).

The inventory of available homes for sale decreased by 41.3% from last year.  This represents a 2.0 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (November 2019 had a 3.5 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 2020 Market Report
Download 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 November 2020 Market Report

Florida Single Family Homes October 2020 Market Report

11.20.20 by

Florida Single Family Homes October 2020 Market Report

The Florida Single Family Home continues to show strong activity. Closed and pending sales are up for the month when compared to last year. Closed sales were up by 26.9% (were up by 22.0% in September). New sales under contract (new pending sales) were up by 20.7% (were up by 31.4% in September).

Prices were also up for October.  The median sales price rose by 15.6% (it was up by 13.2% in September). And, the average sales price was up by 27.2% (it was up by 23.0% last month).

The inventory of available homes for sale decreased by 39.4% from last year.  This represents a 2.1 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (October 2019 had a 3.6 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 October 2020 Market Report
Download 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 October 2020 Market Report

Florida Single Family Homes September 2020 Market Report

10.23.20 by

Florida Single Family Homes September 2020 Market Report

The Florida Single Family Home markets seem to have overcome the effects of the current pandemic. Closed and pending sales are up for the month when compared to last year. Closed sales were up by 22.0% (were up by 8.8% in August). New sales under contract (new pending sales) were up by 31.4% (were up by 21.5% in August).

Prices were also up for September.  The median sales price rose by 13.2% (it was up by 10.1% in August). The average sales price was up by 23.0% (it was up by 22.3% last month).

The inventory of available homes for sale decreased by 37.4% from last year.  This represents a 2.2 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (September 2019 had a 3.6 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 September 2020 Market Report
Download 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 2020 Market Report

Florida Single Family Homes August 2020 Market Report

09.23.20 by

Florida Single Family Homes August 2020 Market Report

The Florida Single Family Home markets seem to have overcome the effects of the current pandemic. Closed and pending sales are up for the month when compared to last year. Closed sales were up by 8.8% (were up by 11.3% in July). New sales under contract (new pending sales) were up by 21.5% (were up by 21.7% in July).

Prices were also up for August.  The median sales price rose by 13.2% (it was up by 10.1% in July). The average sales price was up by 22.3% (it was up by 14.9% last month).

The inventory of available homes for sale decreased by 35.5% from last year.  This represents a 2.3 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (August 2019 had a 3.6 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 August 2020 Market Report
Download 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 2020 Market Report

Florida Single Family Homes July 2020 Market Report

08.21.20 by

Florida Single Family Homes July 2020 Market Report

The Florida Single Family Home markets seems to have overcome the effects of the current pandemic. Closed and pending sales are up for the month when compared to last year. Closed sales were up by 11.3% (were up by 1.3% in June). New sales under contract (new pending sales) were up by 21.7% (were up by 23.2% in June).

Prices were also up for July.  The median sales price rose by 10.1% (it was up by 4.4% in June). The average sales price was up by 14.9% (it was up by 8.8% last month).

The inventory of available homes for sale decreased by 31.8% from last year.  This represents a 2.5 months supply of inventory. Florida remains in a seller’s market with the advantage for sellers. (July 2019 had a 3.8 months supply)  A balanced market favoring neither buyers or 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 2020 Market Report
Download 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 2020 Market Report