Florida Single Family Homes March 2018 Market Report

04.30.18 by

Florida Single Family Homes March 2018 Market Report

The Florida Single Family Homes March 2018 Market Report showed somewhat weaker activity when compared to last year, but still remains a very active market. Closed sales were down by 3.5% (were up by 3.3% in February) and new sales under contract (new pending sales) were down by 2.2% (were down by 1.0% in February).

Prices though, continue with their upward march.  The median and average sales prices up by 8.2% and 8.7% respectively, compared to February’s 9.6% and 7.4%.

The inventory of available homes for sale fell by 7.5% from last year.  For March there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (March of 2017 had a 4.1 month 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 March 2018 Market Report

Click here to view or download the full report:

Florida Single Family Homes March 2018 Market Report

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 2018 Market Report

Florida Single Family Homes February 2018 Market Report

04.02.18 by

Florida Single Family Homes February 2018 Market Report

The Florida Single Family Homes February 2018 Market Report showed a modest improvement in closed sales but weaker pending activity as compared to last year. Closed sales were up by 3.3% (were down by1.3% in January) and new sales under contract (new pending sales) were down by 1.0% (were up by 0.1% in January).

Prices though, continue with their upward march.  The median and average sales prices up by 9.6% and 7.4% respectively, compared to January’s 9.1% and 12.3%.

The inventory of available homes for sale fell by 4.6% from last year.  For February there was a 3.9 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (February of 2017 had a 4.2 month 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 February 2018 Market Report

Click here to view or download the full report:

Florida Single Family Homes February 2018 Market Report

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 2018 Market Report

Florida Single Family Homes January 2018 Market Report

03.10.18 by

Florida Single Family Homes January 2018 Market Report

The Florida Single Family Homes January 2018 Market Report began 2018 with weaker sales volume. Closed sales were down by 1.3% (were up by 2.6% in December) and new sales under contract (new pending sales) were up by 0.1% (were down by 0.1% in December).

Prices, however, continue to rise when compared to last year.  With the median and average sales prices up by 9.1% and 12.3% respectively, compared to December’s 8.0% and 9.4%.

The inventory of available homes for sale fell by 7.3% from last year.  For January there was a 3.9 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (January of 2017 had a 4.2 month 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 January 2018 Market Report

Click here to view or download the full report:

Florida Single Family Homes January 2018 Market Report

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 2018 Market Report

Florida Single Family Homes December 2017 Market Report

01.26.18 by

Florida Single Family Homes December 2017 Market Report

The Florida Single Family Homes December 2017 Market Report continues to do better than last year but at a reduced rate of increase. Closed sales were up by 2.6% (were up by 1.3% in November) and new sales under contract (new pending sales) were down by 0.1% (were up by 5.5% in November).

Both the median and average sales prices continued to rise when compared to last year.  Up by 8.0% and 9.4% respectively, compared to November’s 9.1% and 8.3%.

The inventory of available homes for sale fell by 7.1% from last year.  For December there was a 3.6 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (December of 2016 had a 3.9 month 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 Townhouses and Condos December 2017 Market Report

Click here to view or download the full report:

Florida Single Family Homes December 2017 Market Report

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 2017 Market Report

Florida Single Family Homes November 2017 Market Report

12.28.17 by

Florida Single Family Homes November 2017 Market Report

The Florida Single Family Homes November 2017 Market Report showed stronger activity as compared to last year.  Closed sales were up by 1.3% (were up by 2.0% in October) and new sales under contract (new pending sales) were up by 5.5% (were up by 10.1% in October).

Both the median and average sales prices continued to rise when compared to last year.  Up by 9.1% and 8.3% respectively, compared to October’s 7.1% and 6.8%.

The inventory of available homes for sale fell by 6.8% from last year.  For November there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (November of 2016 had a 4.1 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes November 2017 Market Report

Click here to view or download the full report:

Florida Single Family Homes November 2017 Market Report

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 2017 Market Report

Florida Single Family Homes October 2017 Market Report

12.01.17 by

Florida Single Family Homes October 2017 Market Report

The Florida Single Family Homes October 2017 Market Report showed stronger activity as compared to last year.  Closed sales were up by 2.0% (were down by 20.4% in September) and new sales under contract (new pending sales) were up by 10.1% (were down by 30.2% in September).

Both the median and average sales prices continued to rise when compared to last year.  Up by 7.1% and 6.8% respectively, compared to September’s 7.6% and 5.9%.

The inventory of available homes for sale fell by 5.7% from last year.  For October there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (October of 2016 had a 4.1 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

October 2017 Florida Single Family Homes Market Report

Click here to view or download the full report:

Florida Single Family Homes October 2017 Market Report

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 2017 Market Report

Florida Single Family Homes September 2017 Market Report

10.27.17 by

Florida Single Family Homes September 2017 Market Report

The Florida Single Family Homes Market Report for September 2017 showed weaker activity from last year.  This decrease can most likely be attributed to Hurricane Irma which shut things down for a couple of weeks in September.  Closed sales were down by 20.4% (were up by 0.9% in August) and new sales under contract (new pending sales) were down by 30.2% (were up by 2.2% in August).

Both the median and average sales prices continued to rise when compared to last year.  Up by 7.6% and 5.9% respectively, compared to August’s 6.7% and 7.7%.

The inventory of available homes for sale fell by 6.1% from last year.  For September there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (September of 2016 had a 4.1 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes September 2017 Market Report

Click here to view or download the full report:

Florida Single Family Homes September 2017 Market Report

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 2017 Market Report

Florida Single Family Homes August 2017 Market Report

10.02.17 by

Florida Single Family Homes August 2017 Market Report

The Florida Single Family Homes Market Report for August 2017 continues to improve as compared to last August though at a reduced rate from the past few years and months.  Closed sales were up by 0.9% (were up by 2.0% in July) and new sales under contract (new pending sales) were up by 2.2% (were up by 3.3% in July).

Both the median and average sales prices continued to rise when compared to last year.  Up by 6.7% and 7.7% respectively, compared to July’s 7.1% and 5.7%.

The inventory of available homes for sale fell by 4.5% from last year.  For August there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (August of 2016 had a 4.1 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes August 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes August 2017 Market Report

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 2017 Market Report

Florida Single Family Homes July 2017 Market Detail

09.06.17 by

Florida Single Family Homes July 2017 Market Detail

The Florida Single Family Homes Market Detail for July 2017 continues to improve as compared to last July though at a reduced rate from the past few years and months.  Closed sales were up by 2.0% (were up by 4.3% in June) and new sales under contract (new pending sales) were up by 3.3% (were up by 2.2% in June).

Both the median and average sales prices continued to rise when compared to last year.  Up by 7.1% and 5.7% respectively, compared to June’s 8.9% and 7.3%.

The inventory of available homes for sale fell by 2.7% from last year.  For July there was a 3.9 months supply of inventory as Florida remains in a sellers’ market with the advantage for sellers. (July of 2016 had a 4.1 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes July 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes July 2017 Market Detail

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 2017 Market Detail

Florida Single Family Homes June 2017 Market Detail

07.27.17 by

Florida Single Family Homes June 2017 Market Detail

The Florida Single Family Homes Market Detail for June 2017 continues to improve as compared to last June.  Closed sales were up by 4.3% (were up by 7.6% in May) and new sales under contract (new pending sales) were up by 2.2% (were up by 5.0% in May).

Both the median and average sales prices continued to rise when compared to last year.  Up by 8.9% and 7.3% respectively, compared to May’s 7.7% and 8.3%.

The inventory of available homes for sale fell by 3.1% from last year.  For June there was a 3.9 months supply of inventory as Florida remains in a sellers’ market with the advantage for sellers. (June of 2016 had a 4.1 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

June 2017 Florida Single Family Homes Market Report

Click here to view or download the full report:

Florida Single Family Homes June 2017 Market Detail

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 2017 Market Detail

Florida Single Family Homes May 2017 Market Detail

06.23.17 by

Florida Single Family Homes May 2017 Market Detail

The Florida Single Family Homes Market Detail for May 2017 had continued growth when compared to last May.  Closed sales were up by 7.6% (were down by 1.2% in April) and new sales under contract (new pending sales) were up by 5.0% (were down by 4.4% in April).

Both the median and average sales prices continued to rise when compared to last year.  Up by 7.7% and 8.3% respectively, compared to April’s 10.3% and 8.3%.

The inventory of available homes for sale fell by 4.5% from last year.  For May there was a 4.0 months supply of inventory as Florida remains in a sellers’ market with the advantage for sellers. (May of 2016 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes May 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes May 2017 Market Detail

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 2017 Market Detail

Florida Single Family Homes April 2017 Market Detail

05.29.17 by

Florida Single Family Homes April 2017 Market Detail

The Florida Single Family Homes Market Detail for April 2017 showed weaker sales activity when compared to last April.  Closed sales were down by 1.2% (were up by 9.3% in March) and new sales under contract (new pending sales) were down by 4.4% (were up by 3.6% in March).

However, both the median and average sales prices continued to rise when compared to last year.  Up by 10.3% and 8.3% respectively, compared to March’s 10.4% and 11.3%.

The inventory of available homes for sale fell by 5.2% from last year.  For April there was a 4.0 months supply of inventory as Florida remains in a sellers’ market with the advantage for sellers. (April of 2016 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes April 2017 Market Deta

Click here to view or download the full report:

Florida Single Family Homes April 2017 Market Detail

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 2017 Market Detail

Florida Single Family Homes March 2017 Market Detail

04.24.17 by

Florida Single Family Homes March 2017 Market Detail

The Florida Single Family Homes Market Detail for March 2017 rebounded with increased activity from last March.  Closed sales were up by 9.3% (were down by 0.5% in February) and new sales under contract (new pending sales) were up by 3.6% (were down by 2.0% in February).

Both the median and average sales prices continued to rise from March 2016 to March 2017.  Up by 10.4% and 11.3% respectively, compared to February’s 12.5% and 9.5%.

The inventory of available homes for sale fell by 4.9% from last year.  For March there was a 4.1 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (March of 2016 had a 4.4 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes March 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes March 2017 Market Detail

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 2017 Market Detail

Florida Single Family Homes February 2017 Market Detail

03.30.17 by

Florida Single Family Homes February 2017 Market Detail

The Florida Single Family Homes Market Detail for February 2017 showed slightly weaker growth when compared to last year.  Closed sales were down by 0.5% (were up by 5.2% in January) and new sales under contract (new pending sales) were down by 2.0% (were up by 3.8% in January).

Both the median and average sales prices continued to rise from February 2016 to February 2017.  Up by 12.5% and 9.5% respectively, compared to January’s 10.1% and 4.0%.

The inventory of available homes for sale fell by 4.0% from last year.  For February there was a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (February of 2016 had a 4.4 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes February 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes February 2017 Market Detail

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 2017 Market Detail

Florida Single Family Homes January 2017 Market Detail

02.26.17 by

Florida Single Family Homes January 2017 Market Detail

The Florida Single Family Homes Market Detail for January 2017 showed continued positive sales activity from last year, though at a reduced rate of growth.  Closed sales were up by 5.2% (was up by 0.8% in December) and new sales under contract (new pending sales) were up by 3.8% (was down by 1.1% in December).

Both the median and average sales prices continued to rise from January 2016 to January 2017.  Up by 10.1% and 4.0% respectively, compared to December’s 9.2% and 2.0%.

The inventory of available homes for sale fell by 0.7% from last year.  For January there was a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (January of 2016 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes January 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes January 2017 Market Detail

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 2017 Market Detail

Florida Single Family Homes December 2016 Market Detail

01.28.17 by

Florida Single Family Homes December 2016 Market Detail

The Florida Single Family Homes Market Detail for December 2016 showed continued strong sales activity from last year, though at a slower rate of growth.  Closed sales were up by 0.8% (was up by 12.8% in November) and new sales under contract (new pending sales) were down by 1.1% (was up by 8.3% in November).

Both the median and average sales prices continued to rise from December 2015 to December 2016.  Up by 9.2% and 2.0% respectively, compared to November’s 10% and 6.2%.

The inventory of available homes for sale fell by 2.9% from last year.  For December there was only a 3.9 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (December of 2015 had a 4.1 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes December 2016 Market Detail

Click here to view or download the full report:

Florida Single Family Homes December 2016 Market Detail

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 2016 Market Detail

Florida Single Family Homes November 2016 Market Detail

12.28.16 by

Florida Single Family Homes November 2016 Market Detail

The Florida Single Family Homes Market Detail for November 2016 showed unexpectedly strong sales activity from last year.  Closed sales were up by 12.8% (was down by 5.3% in October) and new sales under contract (new pending sales) were up by 8.3% (was down by 7.1% in October).

Both the median and average sales prices continued to rise from November 2015 to November 2016.  Up by 10% and 6.2% respectively, compared to October’s 11.7% and 6.4%.

The inventory of available homes for sale fell by 6.8% from last year.  For November there was only a 4.1 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (November of 2015 had a 4.4 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes November 2016 Market Detail

Click here to view or download the full report:

Florida Single Family Homes November 2016 Market Detail

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 2016 Market Detail

Florida Single Family Homes October 2016 Market Detail

11.26.16 by

Florida Single Family Homes October 2016 Market Detail

The Florida Single Family Homes Market Detail for October 2016 showed weaker sales activity from last year.  Closed sales were down by 5.3% (was down by 0.5% in September) and new sales under contract (new pending sales) were down by 7.1% (was down by 4.8% in September).

Both the median and average sales prices, though, continue to rise from October 2015 to October 2016.  Up by 11.7% and 6.4% respectively, compared to September’s 11.3% and 6.8%.  I continue to predict the rate of price increases to moderate in the near future if sales continue to slow and  this should also result in a rise of inventory.

The inventory of available homes for sale fell by 3.2% from last year.  For October there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (October of 2015 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Single Family Homes October 2016 Market Detail

Click here to view or download the full report:

Florida Single Family Homes October 2016 Market Detail

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 2016 Market Detail

September 2016 Monthly Market Detail Florida Single Family Homes

10.26.16 by

September 2016 Monthly Market Detail Florida Single Family Homes

The September 2016 Monthly Market Detail Florida Single Family Homes showed slightly weaker sales activity from last year.  Closed sales were down by 0.5% (was up by 8.2% in August) and new sales under contract (new pending sales) were down by 4.8% (was down by 1.1% in August).

Both the median and average sales prices, though, continue to rise from September 2015 to September 2016.  Up by 11.3% and 6.8% respectively, compared to August’s 12.6% and 9.3%.  I expect the rate of price increases to moderate of sales continue to slow and if inventory begins to rise.

The inventory of available homes for sale fell by 1.6% from last year.  For September there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (September of 2015 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

September 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

September 2016 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.

September 2016 Monthly Market Detail Florida Single Family Homes

August 2016 Monthly Market Detail Florida Single Family Homes

09.26.16 by

August 2016 Monthly Market Detail Florida Single Family Homes

The August 2016 Monthly Market Detail Florida Single Family Homes rebounded a bit from last month.  Closed sales were up by 8.2% (was down by 8.0% in July) and new sales under contract (new pending sales) were down by 1.1% (was down by 9.6% in July).

Both median and average sales prices continue to rise ( August 2015 to August 2016) by 12.6% and 9.3% respectively, compared to July’s 11.6% and 8.0%.  These price rises continue to be a bit to high to be sustainable for a long period of time.

The inventory of available homes for sale fell by 1.8% from last year.  If prices continue to rise rapidly, I expect the inventory to expand in the future.  For August there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (August of 2015 had a 4.4 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

August 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

August 2016 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.

August 2016 Monthly Market Detail Florida Single Family Homes