Welcome to this month’s Florida real estate market report. Are you planning to buy or sell a home in the state of Florida this year? Read this helpful report to get caught up on the latest trends in the single-family home and condo markets in Florida.
Are you ready to buy a home or condo today? Start your search here finding properties by price, size, location, and more. Be sure to save your favorites to tour, then sign up to be notified as soon as new properties become available.
If you are ready to sell your home or condo, begin by finding out what your property may be worth. We provide a free home valuation tool to help you discover the most competitive price for your home. Simply enter some basic information about your house or condo and we will provide you a competitive market summary of what your home may sell for.
Give Liz Welch a call at (813) 489-9798 and we can answer all your real estate questions.
Florida Housing Stats
The average sale price for single-family homes in Florida ended February 2021 at $346,000, an increase of 20.6% from the previous February.
Total sales volume in Florida for the month of February 2021 was $5,181,692,814, an increase of 42.30% from the $3,641,494,617 in sales volume during February 2020.
There were 14,976 properties sold during the month of February in Florida, an increase of 17.98% from 12,694 sold this month one year ago.
A total of 11,688 detached units were sold last month, a year to year increase of 16.08% from 10,069.
In Florida, two-bedroom or less single-family homes sold for an average of $234,371, a year-to-year increase of 20%.
Three-bedroom single family homes sold for an average of $319,100, a year-to-year increase of 19%.
Four-bedroom or more single family homes in Florida sold for an average of $489,407 during February, an increase of 18% from the previous February.
There were 3,236 attached units sold in February for an average sale price of $313,364, a year-to-year increase of 22.83% from $255,126.
Condos in Florida that had two-bedrooms or less sold for an average of $232,698 during February, a year-to-year increase of 13%.
Three-bedroom condos sold for an average of $411,517 during February, a steep increase of 29% compared to this time last year.
Four-bedroom or more condos in Florida sold for an average $595,533 in February, a slight year-to-year increase of 9%.
At the end of February, there were a total of 15,053 property listings in Florida, a steep year-to-year decrease of 59.58% from 37,237 the previous February.
Single-family homes and condos were on the market in Florida for an average of 43 days during February, demand is picking up as days on the market dropped from 60 days the previous February.
Sellers are getting 97.2% of their list price for their property at the end of February, an increase of 2.08% from 95.2% the previous February.
What Does This Mean For Buyers?
Florida has seen its housing inventory levels decrease significantly over the last year as buyer preferences shift due to covid restrictions.
Buyers should take advantage of their buying power now when a property is found as prices for single-family homes rise. Condos and townhomes are starting to see prices cool a bit and inventory holding steady.
Buyers should have financing in place and be prepared to act when a property is found. Give Liz Welch a call at (813) 489-9798 to find out how we help buyers stand out amongst the competition to put you in the perfect home!
What Does This Mean For Sellers?
Sellers of single-family homes in Florida will want to take advantage of the spring seller’s market to get their property listed today! With a surge of buyers expected this spring, it is important to have your property show ready and the best features presented to buyers.
Properties should be priced competitively to make sure you get the most money possible. Even when homes are selling quickly it is important to make sure you maximize value.
Give Liz Welch a call at (813) 489-9798 to find out how we help you get your home listed and shown to buyers today!
See Additional Reports on the Florida Real Estate Market
Tampa Bay Homes for Sale
Here are the most recent single-home listings just added to the database in the average sale price range for Tampa Bay. All homes here are priced at $346,00 or less.
Tampa Bay Condos for Sale
Here are the most recent condominium listings just added to the database in the average sale price range for Tampa Bay. All homes here are priced at 313,364 or less.