April 2015 Monthly Market Detail Florida Single Family Homes
The April 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year and similar numbers to last month. Closed sales were up by 17.9% (was up by 24.6% in March) and new sales under contract (new pending sales) increased by 8.6% (was up by 7% in March).
Both median and average sales prices continue to rise ( April 2014 to April 2015) by 11.4% and 8.1% respectively, compared to March’s 9.2% and 5.5%. Values of housing is continuing to increase fairly dramatically for Florida real estate.
The inventory of available homes for sale fell by 1.7% from last year. This is the first decrease in just under two years. Some high demand areas of Florida have seen decreasing inventory for a number of months now. For April there was only a 4.9 months supply of inventory, this is a sellers market with the advantage for sellers. (April of 2014 had a 5.7 month supply)
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April 2015 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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