The Honest Broker: Market Watch for June 2023
BY: Diane Lott, Broker   Paradise Found Realty
Single Family Homes
|
Single Family Homes |
   JUN 2023 |
    JUN 2022 |
    % Change |
|
Closed Sales |
      193 |
      185 |
       4.3% |
|
Ave. Sale Price |
    $728,424 |
    $809,923 |
      -10.1% |
|
Median Time to Sale |
     66 Days |
      55 Days |
         20% |
|
New Listings |
      204 |
      265 |
       -23.0% |
|
Active Inventory (# of homes) |
      467 |
      429 |
        8.9% |
|
Months’ Supply of Inventory |
      2.9 |
       2.2 |
       31.8% |
SUMMARY: Prices have dropped 10% from last year, which is significant. New Listings are down 23%, but there is an increase in the number of properties on the market at 9% and a 32% increase in months’ supply over last year.
This shows that there are more homes lingering on the market than last year and it’s taking 20% longer to close.
CONDITION:  Favors a Buyers’ Market.
Be Well
Diane
Email:Â Diane@ParadiseFoundRealtyFl.com
Website:Â www.ParadiseFoundRealtyFl.com
Phone:Â Â 954-294-5060
Your  Martin County Concierge Real Estate Company!
Office Open by Appointment Only
