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What Do the Latest Numbers Say About Our Florida Market?
Manage episode 185634029 series 1322783
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According to the latest year-over-year statistics, our Florida market is doing very well overall.
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How has our 2017 market performed thus far compared to 2016?
In the second quarter of 2017, there were 2,825 units closed, which is up 1.6% from 2016. The median sales price rose 14% to $211,000. The average sales price rose 12.4% to a record high of $251,000. All in all, our market is performing very well.
In the second quarter of 2017, there were 2,825 units closed, which is up 1.6% from 2016. The median sales price rose 14% to $211,000. The average sales price rose 12.4% to a record high of $251,000. All in all, our market is performing very well.
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Overall, our market is performing very well.
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The other interesting thing happening is the average time from when homes hit the market to when they go under contract has gone down. In 2016, that time period was roughly 29 days. In 2017, it’s shrunk 27% to 21 days. That’s pretty awesome.
The one statistic that might indicate we’re seeing a bit of a slowdown is the number of new listings entering the market. From 2016 to 2017, that number has only increased 5%. Our supply of inventory, however, is still the same—2.7 months.
If you have any questions about our Florida market or you’re considering buying or selling a home soon, don’t hesitate to get in touch with me. I’d love to help you.
The one statistic that might indicate we’re seeing a bit of a slowdown is the number of new listings entering the market. From 2016 to 2017, that number has only increased 5%. Our supply of inventory, however, is still the same—2.7 months.
If you have any questions about our Florida market or you’re considering buying or selling a home soon, don’t hesitate to get in touch with me. I’d love to help you.
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