What's UP with FLORIDA Real Estate?

By
Real Estate Agent with Florida Supreme Realty SL514814

The adage that Real Estate is a numbers game rings true. So much analysis to sift through and opinions to absorb. Today's public portals provide a wealth of information you can reconstruct into your own market report in any fashion you see fit. This report is compiled in a traditional DRAGNET style where it's just the facts and no more with the entire state's activity and it's changes year over year from June '15 to June '16 for our Single Family Homes only.

 

Let's Start with the GOOD

Sellers are enjoying a modest increase of .7% in the dollars received between their original asking price and the closed sale price. It's now 96.3%.

Cash Sales are waning and are down 18.1% from last June. Not startling but keep watching this figure.

New Listings remain neck & neck with a marginal .2% less this year than last. We have 30,000+.

Closed Sales are up slightly by .4% and inched out June 2015 with 113 more and a total of 27,086.

 

It Gets BETTER

Active Listings are seeing a 2.8% downturn, however that's not enough to fear a lack of inventory.

Pending Listings see a 4.9% decrease which I would rather watch in a quarterly view instead.

The Median time from Listing to Sale was shortened to 91 days from the previous year's 95 days.

 

Nothing but the BEST

The time from listing to contract fell substantially from a median of 48 days down to 41.

The Average Sale Price has been bumped up 6.8% and stands at $306,105.00

The entire Dollar Volume rose 7.3% from 7.7 billion to 8.3 billion dollars. Impressive!

Median Sale Prices rose significantly and reached 10.8% higher than last year hitting $225,000. 

Months Supply of Inventory crept lower to 4.3 months whereas 4.6 months was 2015's mark.

 

WHETHER THE NUMBERS ARE GOING UP OR DOWN THEY'RE MOSTLY IN THE RIGHT DIRECTION!

Posted by

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Topic:
Real Estate Market Trends
Location:
Florida
Tags:
year over year
just the facts
statewide market report
june 2015 to june 2016
good better best
the numbers game

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Rainmaker
4,798,675
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Kevin.  In some areas the prices have risen a bit to fast for my liking.  I think we're in for a little moderation of that pace.

Aug 06, 2016 09:07 PM #1
Rainmaker
3,592,353
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Kevin. I am inclined to agree with Gabe Sanders regarding pricing. Enjoy your day!

Aug 06, 2016 10:36 PM #2
Rainmaker
1,816,979
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Good news on the FL market keeps coming, Kevin...thank you for sharing & we all need to stay abreast of what is happening as many of our clients want a winter home there!

Aug 06, 2016 10:56 PM #3
Rainmaker
2,903,773
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Looks to be going well in Florida and I like how you put together the facts, consumers will certainly appreciate that.

Aug 06, 2016 11:51 PM #4
Rainmaker
894,374
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Kevin J. May The prices in my area have risen too fast for my liking.  Sellers are standing firm and buyers who are not in a rush are waiting on the sidelines.

Aug 18, 2016 07:44 PM #5
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Rainmaker
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Kevin J. May

Serving the Treasure & Paradise Coasts of Florida
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