Florida Single Family Homes January 2019 Market Report
The Florida Single Family Homes Market Report for January 2019 had weaker sales activity when compared to last year. The closed sales were down by 6.2% (were down by 9.9% in December) and new sales under contract (new pending sales) were down by 2.4% (was down by 9.0% in December).
Prices, though, continue to rise for January, though at a slower rate. The median and average sales prices up by 4.1% and 1.8% respectively, compared to December’s 4.2% and 3.3%.
The inventory of available homes for sale increased by 13.8% from last year. This is now a 4.3 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (January of 2017 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.
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Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
January 2019 Florida Single Family Homes Market Report
Nearby properties for sale: