The Honest Broker: Market Watch for June 2023

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

 

TreasureCoast

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