Florida Single Family Homes November 2016 Market Detail

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

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

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Groups:
All Things Florida
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Market Reports
Advice for Sellers
Advice for Buyers
Tags:
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Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It looks like the sales are still steady and rising overall. Have a good weekend , Gabe.

Jan 06, 2017 04:09 PM #1
Rainmaker
4,397,049
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

The cold weather in Maryland will make even more people determined to move to Florida. 

Jan 06, 2017 04:37 PM #2
Rainmaker
1,071,198
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Gabe Sanders - At this time of year, your market reports on Florida are very appealing!  Great real estate update!

Jan 06, 2017 05:58 PM #3
Rainmaker
985,162
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

super report to share with the buyers and sellers in the local area!

Jan 06, 2017 06:11 PM #4
Rainmaker
3,819,286
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thanks for sharing.

Jan 07, 2017 05:43 AM #5
Rainmaker
4,397,049
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families moving to the area will certainly appreciate your local real estate market reports.

Jan 07, 2017 05:06 PM #6
Rainmaker
4,046,987
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks. Your comments are always appreciated!

Feb 06, 2017 03:34 PM #7
Rainmaker
4,046,987
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my web site at: http://www.gabesanders.com/market-stats

Feb 06, 2017 03:34 PM #8
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Gabe Sanders

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