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.
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.
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