Florida Single Family Homes November 2018 Market Report

The Florida Single Family Homes November 2018 Market Report showed some mixed signals when compared to last year. Closed sales were up by 3.0% (was up by 8.5% in October) and new sales under contract (new pending sales) were down by 8.0% (was down by 4.2% in October).

Prices are still continuing to rise for November.  The median and average sales prices up by 6.3% and 5.4% respectively, compared to October’s 7.6% and 7.4%.

The inventory of available homes for sale increased by 11.9% from last year.  This is now a 4.1 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (November of 2017 had a 3.8 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 November 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 November 2018 Market Report