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: Diane@ParadiseFoundRealtyFl.com
Website: www.ParadiseFoundRealtyFl.com
Phone: 954-294-5060
Your Martin County Concierge Real Estate Company!
Office Open by Appointment Only
