In June, more homes were available for purchase compared to June 2021. Closed sales have once again decreased. Record-high prices and rising mortgage rates indicate an increase in inventory, with active listings increasing by more than 100 percent over the same month last year.
Closed Sales. Single-family sales decreased by 26.9 percent to 802 sales, and condo sales are down by 34.6 percent to 376 sales. We’re continuing to see month-over-month and year-over-year increases in pricing.
Median Sales Price: The price for single-family homes increased by 25 percent to the highest recorded price of $500,000, while condo prices increased by 34.4 percent to $416,250.
7-Days to Contract: Properties continue to go under contract in seven days or less, for single-family homes and condos.
Active Inventory: Housing continues to grow. Inventory more than double the listings from June 2021. Although, at less than a 2-month supply of single-family homes and condos, we are still below the 6-month inventory required for a balanced market.
Don’t hesitate to contact with me if you have any questions or if I can provide information regarding selling your current property or starting a home search.
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Florida REALTORS® RASM provides monthly reports with data compiled from Stellar MLS
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