Florida Single Family Homes May 2018 Market Report

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

Florida Single Family Homes May 2018 Market Report

The Florida Single Family Homes May 2018 Market Report showed good activity when compared to last year and remains a very active market though at a bit of a reduced rate. Closed sales were up by 0.8% (were up by 4.1% in April) and new sales under contract (new pending sales) were down by 0.1% (were down by 0.2% in April).

Prices continue with their upward April for May.  The median and average sales prices up by 6.7% and 6.5% respectively, compared to April’s 8.1% and 10.4%.

The inventory of available homes for sale fell by 0.7% from last year.  For May there was a 4.0 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (May of 2017 had a 4.0 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 May 2018 Market Report

Click here to view or download the full report:

Florida Single Family Homes May 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 May 2018 Market Report


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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Gabe-always appreciate your thorough and informative market reports for  Florida Single Family homes. 

Jul 11, 2018 05:38 PM #1
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Good evening, Gabe, what a great example of market update!

Around us - condos, condos, condos...

Jul 11, 2018 06:03 PM #2
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

True, great post and a lot of information about single family homes market. 

Thank you, Gabe!

Jul 11, 2018 06:37 PM #3
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

That is very valuable information, Gabe. The market is very active.

Jul 11, 2018 06:51 PM #4
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. Thank you for sharing.

Jul 12, 2018 04:32 AM #5
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate you local market information.

Many Maryland residents want to purchase in Florida before the next winter.

Jul 12, 2018 08:13 AM #6
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY

Great general market report for Florida single family homes. It is always good to hear that it is a balance market!

Jul 12, 2018 03:46 PM #7
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Stuart Florida Real Estate
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