Data released 1/22/2020
The official December 2019 Florida Housing Report was released reflecting Florida as a state continual increase in closed sales and a rise in median home prices (96th straight month) over last year’s performance.
The numbers reflect bold growth, but keep in that last year at this time interest rates were higher and the government was facing an impending shut down. and there was definitely a lull (down about -10.0%) in the real estate market while the country sat in uncertainty. We’re still optimistic about the numbers and the traffic through the counties driving sales.
Not to sound like a broken record, however, the inventory levels are also driving and holding us back all in the same. A skilled professional will be able to navigate these conditions for their buyers to get a great deal as well as for the sellers who are on the fence. Great deals can still be made if you have the right professional guide.
Schedule an appointment to discuss the housing market impact on you.
December 2019 Florida Housing Activity by Metropolitan Statistical Area (MSA)
This report reflects single-family homes, townhouses and condos closed sales and median sale prices. This data is a summary and detail of the 22 marketing statistical areas (MSA) of Florida.
The TERMS Glossary will explain the importance of each of these metrics.
State of Florida – Single-Family Homes
Closed 25,557 sales, up +23.8% compared to last year.
Median sale price increased +5.9% to $270,000.
Year to Date
Closed 294,120 sales, up +5.9% over last year.
Median sale price increased +3.7% to $264,000.
State of Florida – Townhouse / Condo
Closed 9,605 sales, up +17.7% over last year.
Median sale price increased +8.1% to $200,000.
Year to Date
Closed 115,659 sales, down -0.8% over last year.
Median sale price increased +3.8% to $192,000.
Collier County, FL
Naples / Marco Island / Immokalee (MSA) – Single Family Homes
Closed 516 sales, up +36.1% over last year.
Median sale price increased +4.4% to $450,000.
Year to Date
Closed 5,409 sales, up +10.4% over last year.
Median sale price decreased -2.5% to $435,000.
Naples / Marco Island / Immokalee (MSA) – Townhouse / Condo
Closed 538 sales, up +42.0% over last year.
Median sale price increased +3.9% to $270,000.
Year to Date
Closed 5,687 sales, up +3.1% over last year.
Median sale price decreased -2.5% to $268,250.
Lee County, FL
Cape Coral / Fort Myers (MSA) – Single Family Homes
Closed 1,223 sales, up +35.7% over last year.
Median sale price increased +6.5% to $262,000.
Year to Date
Closed 13,790 sales, up +3.4% over last year.
Median sale price increased +3.0% to $258,615.
Cape Coral / Fort Myers (MSA) – Townhouse / Condo
Closed 613 sales, up +50.6% over last year.
Median sale price increased +2.0% to $209,000.
Year to Date
Closed 6,916 sales, up +4.1% over last year.
Median sale price remained even at $192,000.
Detailed Dec 2019 Florida Housing Reports are available by county, city, and neighborhood. Request a free report with the link below.
Request a Custom Market Data Report.
Two Page PDF download link below.
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Request a Customized Market Data Report here.
In Summary
How can you take advantage of the current market conditions? Is it the best time to Sell, to Buy? How can I get the best deal?
If these questions have crossed your mind recently, then it’s time to review your options. Simply request your complementary consultation about your goals and realistic outcomes, all backed by facts. We’ll provide a customized report dialing down statistics to your street level if your selling and if you’re in the market to buy, your target neighborhood to shed light on the outcome. With our full concierge services, we stress over the details so you don’t have to.
We’re experienced, driven, and accomplished. We’re not pushy salespeople, we’re Marketing Professionals that Sell Real Estate that get the job done.