September 2014 Monthly Market Detail Florida Single Family Homes
The September 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed more improvement for September and at a better rate than last month. Year to year closed sales were up by 13.5% (was up by 4.2% in August) and new sales under contract (new pending sales) increased by 10.6% (was up by 3% in August).
Both median and average sales prices continue to rise ( September 2013 to September 2014) by 5.9% and 4% respectively, compared to August’s 3.4% and 4.3%. Slow and steady appreciation is a sign of a stable and growing real estate market.
The inventory of available homes for sale rose by 7.2% from last year. This is now a full twelve months of increased inventory. This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values. This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.4 months supply of inventory, this is a healthy market with a slight edge to sellers. (September of 2013 had a 5.3 month supply)
Click here to view or download the full report:
September 2014 Monthly Market Detail Florida Single Family Homes
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.
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