Florida recorded 23,183 closed sales of existing single-family homes last month, down 11.1% year-over-year, while existing condo-townhouse sales totaled 8,339, down 20.5% over June 2023, according to data from Florida Realtors.
In the second quarter of the year, the statewide existing single-family home sales totaled 74,117, down 2.2% from one year earlier, while statewide existing condo-townhouse sales totaled 28,982, down 9.2% year-over-year.
During June, the statewide median sales price for single-family existing homes was $427,000, a 1.7% uptick from one year earlier, while the statewide median price for condo-townhouse units was $324,900, basically unchanged year-over-year.
In the second quarter, Florida’s single-family median sales price was $428,000, up 2.4% compared to the same quarter in 2023, while the condo-townhouse median of $330,000 was up 1.5% year-over-year.
On the supply side of the market, single-family existing homes were at a 4.6-months’ supply in June and the second quarter, while condo-townhouse properties were at a 7.4-months’ supply for both timeframes.
“Year to date, new listings of single-family homes for sale are up over 16%, but in June they were only up by 6% compared to a year ago,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “New listings of townhouses and condos, meanwhile, are up by over 19% year-to-date, but were only up by 4.6% in June.”
aren’t we all hoping for a softer real estate market so the asking price would be priced lower?