Martin County Single Family Homes April 2020 Market Report

05.25.20 by

Martin County Single Family Homes April 2020 Market Report

The Martin County Single Family Homes Market Report is now showing the effects of the current pandemic. Both closed and pending sales are down for the month when compared to last year. Closed sales were down by 25.3% from last month (were up by 7.8% in March).  While new pending sales decreased by 49.8% as compared to last month when they decreased by 31.9%.

Prices were lower for April.  The median sales price was down from last year by 3.6% (it was unchanged in March) while the average sales price decreased by 3.7% (it was down by 7.8% last month).

The inventory of available single-family homes decreased from last month by 5 homes to 965 homes for March. This is 12.6% less inventory than last April.  The current supply of homes is 4.8 months.  For April of last year, it was a 5.6 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be a 6 to 7 month supply of inventory.

Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

Recent market reports:

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.

Martin County Single Family Homes April 2020 Market Report

Florida Single Family Homes April 2020 Market Report

05.21.20 by

Florida Single Family Homes April 2020 Market Report

The Florida Single Family Home market is now showing the effects of the current pandemic. Both closed and pending sales are down for the month when compared to last year. Closed sales were down by 20.7% (were up by 6.4% in March). New sales under contract (new pending sales) were down by 35.1% (were down by 22.6% in February).

Prices, however, were up for April.  The median sales price rose by 6.0% (it was up by 7.4% in March). The average sales price was up by 3.0% (it was up by 8.9% last month).

The inventory of available homes for sale decreased by 26.5% from last year.  This represents a 3.4 months supply of inventory. Florida remains in a seller’s market with the advantage for sellers. (April 2019 had a 4.1 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.

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 2020 Market Report

St Lucie County Single Family Homes March 2020 Market Report

04.29.20 by

St Lucie County Single Family Homes March 2020 Market Report

The February 2020, the St Lucie County Single Family Home Market had stronger closed sales activity for March and is our only local sector without a large drop in pending sales. Closed sales were up by 15.1% for the month (in February they were up by 2.5%). New sales under contract (new pending sales) decreased by 1.5% (they were up by 26.4% last month).

Prices were up for the month.  The median sales price was up by 5.5% (was up by 2.6% in January).  The average sales price was up by 2.9% (it was up by 4.4% in February).

The number of available home listings increased by 11 homes to 1,888 homes.  This inventory is 10.3% less than last year.  The current supply of homes is 3.8 months (it was 4.6 months last year).  The St Lucie County single-family home market remains in a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes March 2020 Market Report
Click here to download the full report

View previous St. Lucie County market reports here.

Recent County 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.

St Lucie County Single Family Homes March 2020 Market Report

Martin County Single Family Homes March 2020 Market Report

04.27.20 by

Martin County Single Family Homes March 2020 Market Report

The Martin County Single Family Homes Market Report had stronger closed sales activity for March, but new pending sales are off considerably and I’m afraid this indicates some challenging months to come in this real estate sector. Closed sales were up by 7.8% from last month (were up by 1.2% in January).  While new pending sales decreased by 31.9% as compared to last month when they increased by 6.4%.

Prices were mostly lower for March.  The median sales price was unchanged from last year (it was up by 13.8% in February) while the average sales price decreased by 7.8% (it was down by 37.1% last month).

The inventory of available single-family homes increased from last month by 46 homes to 969 homes for March. This is 15.6% less inventory than last January.  The current supply of homes is 4.7 months.  For February of last year, it was a 5.7 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes March 2020 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

Recent market reports:

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.

Martin County Single Family Homes March 2020 Market Report

Florida Single Family Homes March 2020 Market Report

04.23.20 by

Florida Single Family Homes March 2020 Market Report

The Florida Single Family Home sales had stronger closed sales activity for March, but new pending sales are off considerably and I’m afraid this indicates some challenging months to come in this real estate sector. Closed sales were up by 6.4% (were up by 9.1% in February). New sales under contract (new pending sales) were down by 22.6% (were up by 12.5% in February).

Prices were up for March.  The median sales price rose by 7.4% (it was up by 8.0% in February). The average sales price was up by 8.9% (it was up by 7.9% last month).

The inventory of available homes for sale decreased by 14.0% from last year.  This represents a 3.4 months supply of inventory. Florida remains in a seller’s market with the advantage for sellers. (March 2019 had a 4.2 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 March 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 March 2020 Market Report

St Lucie County Single Family Homes February 2020 Market Report

03.27.20 by

St Lucie County Single Family Homes February 2020 Market Report

The February 2020, the St Lucie County Single Family Home Market showed continued strong sales activity for February. Closed sales were up by 2.5% for the month (in January they were up by 22.2%). New sales under contract (new pending sales) increased by 26.4% (they were up by 23.7% last month).

Prices were also up for the month.  The median sales price was up by 2.6% (was up by 4.2% in January).  The average sales price was up by 4.4% (it was up by 4.8% in January).

The number of available home listings decreased by 52 homes to 1,877 homes.  This inventory is 13.5% less than last year.  The current supply of homes is 3.8 months (it was 4.8 months last year).  The St Lucie County single-family home market remains in a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes February 2020 Market Report
Click here to download the full report

View previous St. Lucie County market reports here.

Recent County 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.

St Lucie County Single Family Homes February 2020 Market Report

Martin County Single Family Homes February 2020 Market Report

03.25.20 by

Martin County Single Family Homes February 2020 Market Report

The Martin County Single Family Homes Market Report had stronger sales activity than last year, but not as robust as last month.  Closed sales were up by 1.2% from last month (were up by 25.2% in January).  While new pending sales increased by 6.4% as compared to last month when they increased by 23.4%.

Prices rose sharply for February.  The median sales price was up by 13.8% from last year (it was down by 12.9% in January) while the average sales price increased by 37.1% (it was down by 24.2% last month).

The inventory of available single-family homes decreased from last month by 3 homes to 923 homes for January. This is 21.6% less inventory than last January.  The current supply of homes is 4.6 months.  For February of last year, it was a 5.9 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes February 2020 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

Recent market reports:

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.

Martin County Single Family Homes February 2020 Market Report

Florida Single Family Homes February 2020 Market Report

03.23.20 by

Florida Single Family Homes February 2020 Market Report

The Florida Single Family Home sales continued with strong activity into February.  Closed sales were up by 9.1% (were up by 17.9% in December). New sales under contract (new pending sales) were up by 12.5% (were up by 12.4% in January).

Prices were also up for February .  The median sales price rose by 8.0% (it was up by 5.9% in January). The average sales price was up by 7.9% (it was up by 6.3% last month).

The inventory of available homes for sale decreased by 19.1% from last year.  This represents a 3.3 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (February 2019 had a 4.3 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Previous Florida real estate market report posts.

Florida Single Family Homes February 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 February 2020 Market Report

St Lucie County Single Family Homes January 2020 Market Report

03.09.20 by

St Lucie County Single Family Homes January 2020 Market Report

The January 2020, the St Lucie County Single Family Home Market showed strong sales activity for the start of 2020. Closed sales were up by 22.2% for the month (in December they were up by 35.5%). New sales under contract (new pending sales) increased by 23.7% (they were up by 15.6% last month).

Prices were also up for the month.  The median sales price was up by 4.2% (was up by 6.5% in December).  The average sales price was up by 4.8% (it was up by 5.8% in December).

The number of available home listings increased by 168 homes to 1,929 homes.  This inventory is 11.3% less than last year.  The current supply of homes is 3.9 months (it was 4.8 months last year).  The St Lucie County single-family home market remains in a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes January 2020 Market Report
Click here to download the full report

View previous St. Lucie County market reports here.

Recent market reports:

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.

St Lucie County Single Family Homes January 2020 Market Report

Martin County Single Family Homes January 2020 Market Report

03.04.20 by

Martin County Single Family Homes January 2020 Market Report

The Martin County Single Family Homes Market Report had a another strong month of sales activity when compared to last year.  Closed sales were up by 25.2% from last month (were up by 18.3% in December).  While new pending sales increased by 23.4% as compared to December 2019 when they increased by 7.0%.

Prices were mixed for January.  The median sales price was up by 12.9% from last year (it was down by 4.3% in December) while the average sales price decreased by 24.2% (it was down by 0.8% last month).

The inventory of available single-family homes increased from last month by 24 homes to 926 units for December. This is 18.1% less inventory than last December.  The current supply of homes is 4.6 months.  For January of last year, it was a 5.7 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes January 2020 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

Recent market reports:

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.

Martin County Single Family Homes January 2020 Market Report

Florida Single Family Homes January 2020 Market Report

03.02.20 by

Florida Single Family Homes January 2020 Market Report

The Florida Single Family Home sales had a strong start to 2020.  Closed sales were up by 17.9% (were up by 23.8% in December). New sales under contract (new pending sales) were up by 12.4% (were up by 11.9% in December).

Prices were also up for January.  The median sales price rose by 5.9% (it was up by 6.0% in December). The average sales price was up by 6.3% (it was up by 6.9% last month).

The inventory of available homes for sale decreased by 16.4% from last year.  This represents a 3.4 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (January 2019 had a 4.3 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Currently, Florida has a shortage of inventory of homes for sale. Affordable homes are the most scarce in the state at this time and builders are not in a position to alleviate this shortage. At least, any time soon.

Florida Single Family Homes January 2020 Market Report
Click on this image to view or download the full report

Recent market reports:

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 2020 Market Report

St Lucie County Single Family Homes December 2019 Market Report

01.29.20 by

St Lucie County Single Family Homes December 2019 Market Report

The December 2019, the St Lucie County Single Family Home Market showed strong sales activity for the end of 2019. Closed sales were up by 35.5% for the month (in November they were unchanged). New sales under contract (new pending sales) increased by 15.6% (they were up by 22.3% last month).

Prices were also up for the month.  The median sales price was up by 6.5% (was up by 9.8% in November).  The average sales price was up by 5.8% (it was up by 10.8% in November).

The number of available home listings decreased by 23 homes to 1,761 homes.  This inventory is 9.3% less than last year.  The current supply of homes is 3.5 months (it was 4.2 months last year).  The St Lucie County single-family home market remains in a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes December 2019 Market Report
Click here to download the full report

View previous St. Lucie County market reports 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.

St Lucie County Single Family Homes December 2019 Market Report

Recent Posts:

Martin County Single Family Homes December 2019 Market Report

01.27.20 by

Martin County Single Family Homes December 2019 Market Report

The Martin County Single Family Homes December 2019 Market Report had a second consecutive strong month of sales activity when compared to last year.  Closed sales were up by 18.3% from last month (were up by 27.0% in November).  While new pending sales decreased by 7.0% as compared to December 2018 (they increased by 10.7% in November).

Prices were down for December (2’nd month in a row.)  The median sales price was down by 4.3% from last year (it was down by 6.6% in November) while the average sales price decreased by 0.8% (it was down by 0.7% last month).

The inventory of available single-family homes increased from last month by 38 homes to 902 units for December, this is 4.8% less inventory than last December.  The current supply of homes is 4.5 months.  For December of last year, it was a 4.7 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes December 2019 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Previous Posts:

Florida Single Family Homes December 2019 Market Report

01.23.20 by

Florida Single Family Homes December 2019 Market Report

The Florida Single Family Home sales had a very strong end to 2019.  Closed sales were up by 23.8% (were up by 6.1 % in November). New sales under contract (new pending sales) were up by 11.9% (were up by 14.4 % in November).

Prices were also up for December.  The median sales price rose by 5.9% (it was up by 3.9 % in November). The average sales price was up by 6.9% (it was up by 13.1 % last month).

The inventory of available homes for sale decreased by 11.4% from last year.  This represents a 3.4 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (December 2018 had a 4.0 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Currently, Florida has a shortage of inventory of homes for sale. Affordable homes are the most scarce in the state at this time and builders are not in a position to alleviate this shortage. At least, any time soon.

Florida Single Family Homes December 2019 Market Report

Click here to view the previous Florida single-family homes market reports.

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 2019 Market Report

St Lucie County Single Family Homes November 2019 Market Report

12.27.19 by

St Lucie County Single Family Homes November 2019 Market Report

For November 2019, the St Lucie County Single Family Home Market had improved sales activity when compared to last year. Closed sales were unchanged (in October they were up by 15.8%) and new sales under contract (new pending sales) increased by 22.3% (they were up by 15.2% last month).

Prices were also up for the month.  The median sales price was up by 9.8% (was up by 6.4% in October).  The average sales price was up by 10.8% (it was up by 0.3% in October).

The number of available home listings increased by 10 homes to 1,761 homes.  This inventory is 10.0% smaller than last year.  The current supply of homes is 3.7 months (it was 4.2 months last year).  The St Lucie County single-family home market remains in a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

 

St Lucie County Single Family Homes November 2019 Market Report

Click here to download the full report

Click here to view previous St. Lucie County single family home market reports

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 Posts:

St Lucie County Single Family Homes November 2019 Market Report

Martin County Single Family Homes November 2019 Market Report

12.24.19 by

Martin County Single Family Homes November 2019 Market Report

The Martin County Single Family Homes November 2019 Market Report had a surprisingly strong month of sales activity when compared to last November.  Closed sales were up by 27.0% from last month (were up by 1.5% in October).  While new pending sales increased by 10.7% as compared to November 2018 (they increased by 18.0% in October).

Prices were down for November.  The median sales price was down by 6.6% from last year (was up by 0.9% in October) while the average sales price decreased by 0.7% (was down by 2.6% last month).

The inventory of available single-family homes decreased from last month by 34 homes to 864 units for November,  this is  11.5% less inventory than last November.  The current supply of homes is 4.4 months.  For November of last year, it was a 4.8 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes November 2019 Market Report

 

Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Previous Posts:

Florida Single Family Homes November 2019 Market Report

12.20.19 by

Florida Single Family Homes November 2019 Market Report

The Florida Single Family Home sales continue to have improved activity from the same period last year.  The closed sales were up by 6.1% (were up by 5.2% in October) and new sales under contract (new pending sales) were up by 14.4% (were up by 13.3% in October).

Prices were also up for November.  The median sales price rose by 3.9% (it was up by 3.6% in October) and the average sales price was up by 13.1% (it was up by .5% last month).

The inventory of available homes for sale decreased by 10.5% from last year.  This represents a 3.6 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (November 2018 had a 4.1 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Florida Single Family Homes November 2019 Market Report

Click here to view or download the full report:
Florida Single Family Homes November 2019 Market Report

Click here to view the previous Florida single-family homes market reports.

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.

St Lucie County Single Family Homes October 2019 Market Report

12.13.19 by

St Lucie County Single Family Homes October 2019 Market Report

For October 2019, the St Lucie County Single Family Home Market had improved sales activity when compared to last year. Closed sales were up by 15.8% (in September they were up by 24.0%) and new sales under contract (new pending sales) increased by 15.2% (they were up by 17.7% last month).

Prices were also up for the month.  The median sales price was up by 6.4% (was up by 3.5% in September).  The average sales price was up by 0.3% (it was up by 5.1% in September).

The number of available home listings increased by 18 homes to 1,751 homes.  This inventory is 4.6% smaller than last year.  The current supply of homes is 3.7 months (it was 3.9 months last year).  The St Lucie County single-family home market remains in a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes October 2019 Market Report

Click here to view or download the full report

Click here to view previous St. Lucie County single family home market reports

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.

St Lucie County Single Family Homes October 2019 Market Report

Martin County Single Family Homes October 2019 Market Report

12.11.19 by

Martin County Single Family Homes October 2019 Market Report

The Martin County Single Family Homes October 2019 Market Report showed stronger sales activity when compared to last October.  Closed sales were up by 1.5% from last month (were unchanged in September).  While new pending sales increased by 18.0% as compared to October 2018 (they increased by 8.9% in September).

Prices were mixed for October.  The median sales price was up by 0.9% from last year (up by 18.9% in September) while the average sales price decreased by 2.6% (was up by 24.9% last month).

The inventory of available single-family homes increased from last month by 27 homes to 898 units for October,  this is  9.3% less inventory than last October.  The current supply of homes is 4.6 months.  For October of last year, it was a 4.8 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes October 2019 Market Report

Click here to view or download the full report

Click here to view the previous Martin County single-family homes market reports

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 2019 Market Report

12.09.19 by

Florida Single Family Homes October 2019 Market Report

The Florida Single Family Home sales continue to have improved activity from the same period last year.  The closed sales were up by 5.2% (were up by 11.5% in September) and new sales under contract (new pending sales) were up by 13.3% (were up by 4.5% in September).

Prices were also up for October.  The median sales price rose by 3.6% (it was up by 5.3% in September) and the average sales price was up by 1.5% (it was up by 4.9% last month).

The inventory of available homes for sale decreased by 7.0% from last year.  This represents a 3.7 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (October 2018 had a 4.0 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Florida Single Family Homes October 2019 Market Report

Click here to view or download the full report:
Florida Single Family Homes October 2019 Market Report

Click here to view the previous Florida single-family homes market reports.

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.