FLORIDA REAL ESTATE UPDATES
This page, along with our Massachusetts and New Hampshire Real Estate Updates pages,
will be updated continually to track market progress, so bookmark it to check back.
This page depicts the evolving market with data that we run weekly. This data shows how the market is performing and helps predict future trends based on current & past performance.
Last Updated: 11/23/2022 – 10:27 AM
HOMES LISTED MONTHLY
As illustrated, the number of homes listed in 2022 began lower compared to previous years, but increased to 2021 levels around May. Homes that do get listed haven’t remained on the market for long with anxious buyers jumping on listings as soon as they hit the market. As buyer affordability is impacted by mortgage rates, we may see listings linger a little longer on the market as the year progresses.
ACTIVE INVENTORY MONTHLY
The graph illustrates monthly active inventory. 2022 has shown historically low inventory but has started to come up to 2021 levels and is expected to continue in this direction as the year progresses.
HOMES PENDING MONTHLY
So far in 2022, the number of homes placed under agreement (contracts accepted) remains significantly lower than what we have seen in previous years, especially when compared to 2021.
HOMES SOLD MONTHLY
The graph illustrates the number of homes sold per month. At the beginning of the year, sales numbers were trending similarly to 2021, however, they have started to trend downwards and are expected to continue in that direction as increased mortgage rates will continue to impact buyer affordabilty.
AVERAGE SELLING PRICE PER MONTH - SINGLE FAMILY
Prices for single family homes in 2022 are substantially higher than in previous years.
AVERAGE SELLING PRICE PER MONTH - CONDOS & TOWNHOMES
Prices for condos & townhomes in 2022 are substantially higher than in previous years.
Click the link below to access our COVID-19 Real Estate Resources, COVID-19 Mortgage Resources, and REAL SAFE Real Estate Initiative.