Official: September 2019 Florida Housing Report

Official September 2019 Florida Housing Report

Data released 10/22/2019

The official September 2019 Florida Housing Report was released reflecting a greater number of closed sales, a rise in median prices (93rd straight month), as well as increased pending inventory in comparison to this time last year. A strong economy combined with mortgage rates still at historic lows has maintained the strong results of the Florida housing market.

“Staying on top of trends in local housing markets can be challenging for buyers and sellers – turning to a local Realtor for expert guidance can ease stress and help with peace of mind.”2019 Florida Realtors President Eric Sain Click To Tweet

“With inventory levels continuing to dwindle, low mortgage interest rates remain the major reason we are continuing to see strong sales and price growth throughout much of the state,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “And with both sales and prices continuing to rise, it should come as no surprise that the dollar volume of sales throughout the state also increased significantly this September compared to September of last year. Statewide, closed sales of single-family homes totaled to about $8 billion, a year-over-year increase of 17%. Dollar volume for sales of townhouses and condos, meanwhile, rose by 7.5% to about $2.4 billion.”

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September 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 23,510 sales, up +11.5% compared to last year.
Median sale price increased +5.3% to $265,000.
Year to Date
Closed 223,281 sales, up +4.2% over last year.
Median sale price increased +3.3% to $262,500.

State of Florida – Townhouse / Condo
Closed 9,007 sales, up +6.1% over last year.
Median sale price increased +5.8% to $193,000.
Year to Date
Closed 88,727 sales, down -2.0% over last year.
Median sale price increased +2.7% to $190,000.

Cape Coral / Fort Myers (MSA) – Single Family Homes
Closed 1,058 sales, up +14.8% over last year.
Median sale price increased +3.0% to $252,250.
Year to Date
Closed 10,482 sales, down -0.3% over last year.
Median sale price increased +2.1% to $258,000.

Cape Coral / Fort Myers (MSA) – Townhouse / Condo
Closed 445 sales, even with last year.
Median sale price decreased -1.6% to $188,900.
Year to Date
Closed 5,317 sales, down -0.6% over last year.
Median sale price increased +0.5% to $192,000.

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Two Page PDF download link below.

source: FloridaRealtors.org

Request a Customized Market Data Report here.

September 2019 Florida Housing Market Summary – Single Family Homes

This reports the Single Family Homes market data in a month versus the same month last year comparison. The Closed Sales are broken down into further detail. In addition, New Pending Sales, New Listings, Pending Inventory, Inventory (Active Listings), and Months Supply of Inventory are also included.

Two page PDF download link below.

source: FloridaRealtors.org

September 2019 Florida Housing Market Summary Townhouses and Condos

This reports the Townhouse and Condos market data in a month versus the same month last year comparison. The Closed Sales are broken down into further detail. In addition, New Pending Sales, New Listings, Pending Inventory, Inventory (Active Listings), and Months Supply of Inventory are also included.

Two page PDF download link below.

source: FloridaRealtors.org

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.

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A seasoned marketing professional that sells real estate. His vast executive experience incorporates rock-solid strategic operations and stunning brand development. He manages both Almost Home locations. (Cape Coral, FL, and Westerly, RI). Chris has a healthy obsession with lifelong learning and skill development. As a result, he is a licensed FL & RI REALTOR®, Pricing Strategy Advisor, Accredited Staging Professional, and Real Estate Consultant. Chris is tenacious with the evolution of our distinct concierge services. Thus, his laser focus on the dynamic residential real estate market keeps us two steps ahead of the competition. Making Real Estate, Simplified.

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