Quarterly Market Detail - Q1 2021 Single Family Homes
Quarterly Market Detail - Q1 2021 Single Family Homes Florida
Summary Statistics
Closed Sales Paid in Cash Median Sale Price Average Sale Price Dollar Volume Median Percent of Original List Price Received Median Time to Contract Median Time to Sale
New Pending Sales New Listings Pending Inventory Inventory (Active Listings) Months Supply of Inventory
Q1 2021 78,353 21,956 $317,500 $481,591 $37.7 Billion
Q1 2020 65,602 17,141 $270,000 $365,765 $24.0 Billion
Percent Change Year-over-Year
19.4% 28.1% 17.6% 31.7% 57.3%
99.0%
96.8%
2.3%
19 Days 64 Days 99,959 91,798 57,216 31,658
1.2
43 Days 87 Days 80,508 94,135 36,421 83,614
3.4
-55.8% -26.4% 24.2% -2.5% 57.1% -62.1% -64.7%
Closed Sales
The number of sales transactions which closed during the quarter
Economists' note : Closed Sales are one of the simplest--yet most important--indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a quarter's sales to the amount of sales in the same quarter in the previous year), rather than changes from one quarter to the next.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Closed Sales
78,353 78,353 86,543 89,562 68,671 65,602 70,044 78,759 85,017 59,505 63,491 72,843 81,301 60,200
Percent Change Year-over-Year
19.4% 19.4% 23.6% 13.7% -19.2% 10.2% 10.3% 8.1% 4.6% -1.2% 0.1% 7.5% 1.7% -0.8%
Closed Sales
100,000
2017
2018
2019
2020
80,000
60,000
40,000
20,000
0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Produced by Florida Realtors? with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, May 11, 2021. Next data release is Thursday, August 12, 2021.
Quarterly Market Detail - Q1 2021 Single Family Homes Florida
Cash Sales
The number of Closed Sales during the quarter in which buyers exclusively paid in cash
Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Cash Sales
21,956 21,956 19,794 18,420 12,967 17,141 17,236 18,118 19,968 16,086 16,491 18,219 20,337 17,249
Percent Change Year-over-Year
28.1% 28.1% 14.8% 1.7% -35.1% 6.6% 4.5% -0.6% -1.8% -6.7% -1.5% 6.1% -3.8% -7.7%
Cash Sales
25,000
2017
2018
2019
2020
20,000
15,000
10,000
5,000
0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Cash Sales as a Percentage of Closed Sales
The percentage of Closed Sales during the quarter which were Cash Sales
Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each quarter involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Percent of Closed Sales Paid in Cash
28.0% 28.0% 22.9% 20.6% 18.9% 26.1% 24.6% 23.0% 23.5% 27.0% 26.0% 25.0% 25.0% 28.7%
Percent Change Year-over-Year
7.3% 7.3% -6.9% -10.4% -19.6% -3.3% -5.4% -8.0% -6.0% -5.9% -1.5% -1.2% -5.7% -6.8%
Pct. of Closed Sales Paid in Cash
2017 35%
2018
2019
2020
30%
25%
20%
15%
10%
5%
0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Produced by Florida Realtors? with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, May 11, 2021. Next data release is Thursday, August 12, 2021.
Quarterly Market Detail - Q1 2021 Single Family Homes Florida
Median Sale Price
The median sale price reported for the quarter (i.e. 50% of sales were above and 50% of sales were below)
Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each quarter, and the mix of the types of homes that sell can change over time.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Median Sale Price
$317,500 $317,500 $306,000 $299,900 $277,500 $270,000 $267,000 $265,000 $265,000 $253,000 $255,000 $255,000 $256,500 $248,038
Percent Change Year-over-Year
17.6% 17.6% 14.6% 13.2% 4.7% 6.7% 4.7% 3.9% 3.3% 2.0% 6.3% 6.3% 6.9% 9.8%
Median Sale Price
$350K
2017
2018
2019
2020
$300K
$250K
$200K
$150K
$100K
$50K
$0K Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Average Sale Price
The average sale price reported for the quarter (i.e. total sales in dollars divided by the number of sales)
Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses--particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Average Sale Price
$481,591 $481,591 $441,645 $413,795 $368,911 $365,765 $346,204 $345,395 $353,621 $338,991 $331,702 $329,461 $351,147 $339,835
Percent Change Year-over-Year
31.7% 31.7% 27.6% 19.8% 4.3% 7.9% 4.4% 4.8% 0.7% -0.2% 5.3% 5.2% 8.0% 9.2%
Average Sale Price
$600K
2017
2018
2019
2020
$500K
$400K
$300K
$200K
$100K
$0K Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Produced by Florida Realtors? with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, May 11, 2021. Next data release is Thursday, August 12, 2021.
Quarterly Market Detail - Q1 2021 Single Family Homes Florida
Dollar Volume
The sum of the sale prices for all sales which closed during the quarter
Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Dollar Volume
$37.7 Billion $37.7 Billion $38.2 Billion $37.1 Billion $25.3 Billion $24.0 Billion $24.2 Billion $27.2 Billion $30.1 Billion $20.2 Billion $21.1 Billion $24.0 Billion $28.5 Billion $20.5 Billion
Percent Change Year-over-Year
57.3% 57.3% 57.6% 36.2% -15.7% 19.0% 15.1% 13.4% 5.3% -1.4% 5.4% 13.1% 9.8% 8.3%
Dollar Volume
$50 B
2017
2018
2019
2020
$40 B
$30 B
$20 B
$10 B
$0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Median Percent of Original List Price Received
The median of the sale price (as a percentage of the original list price) across all properties selling during the quarter
Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Med. Pct. of Orig. List Price Received
99.0% 99.0% 98.4% 97.8% 97.3% 96.8% 96.7% 96.8% 96.6% 96.0% 96.2% 96.6% 96.7% 96.3%
Percent Change Year-over-Year
2.3% 2.3% 1.8% 1.0% 0.7% 0.8% 0.5% 0.2% -0.1% -0.3% -0.1% 0.1% 0.3% 0.4%
Med. Pct. of Orig. List Price Received
120%
2017
2018
2019
2020
100%
80%
60%
40%
20%
0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Produced by Florida Realtors? with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, May 11, 2021. Next data release is Thursday, August 12, 2021.
Quarterly Market Detail - Q1 2021 Single Family Homes Florida
Median Time to Contract
The median number of days between the listing date and contract date for all Closed Sales during the quarter
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the quarter. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Median Time to Contract 19 Days 19 Days 20 Days 29 Days 37 Days 43 Days 39 Days 38 Days 41 Days 51 Days 41 Days 37 Days 35 Days 45 Days
Percent Change Year-over-Year
-55.8% -55.8% -48.7% -23.7% -9.8% -15.7% -4.9% 2.7% 17.1% 13.3% -4.7% 0.0% -10.3% -10.0%
Median Time to Contract
2017 60
2018
2019
2020
50
40
30
20
10
0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Median Time to Sale
The median number of days between the listing date and closing date for all Closed Sales during the quarter
Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Median Time to Sale
64 Days 64 Days 66 Days 73 Days 82 Days 87 Days 81 Days 80 Days 84 Days 94 Days 83 Days 79 Days 79 Days 88 Days
Percent Change Year-over-Year
-26.4% -26.4% -18.5% -8.8% -2.4% -7.4% -2.4% 1.3% 6.3% 6.8% -6.7% -3.7% -6.0% -8.3%
Median Time to Sale
2017 120
2018
2019
2020
100
80
60
40
20
0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Produced by Florida Realtors? with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, May 11, 2021. Next data release is Thursday, August 12, 2021.
Quarterly Market Detail - Q1 2021 Single Family Homes Florida
New Pending Sales
The number of listed properties that went under contract during the quarter
Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
New Pending Sales
99,959 99,959 83,424 97,109 86,859 80,508 68,260 78,287 90,593 81,361 61,024 74,972 86,455 81,150
Percent Change Year-over-Year
24.2% 24.2% 22.2% 24.0% -4.1% -1.0% 11.9% 4.4% 4.8% 0.3% -6.9% 8.0% 0.5% -0.6%
Pending Sales
120,000
2017
2018
2019
2020
100,000
80,000
60,000
40,000
20,000
0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
New Listings
The number of properties put onto the market during the quarter
Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value--and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
Quarter
Year-to-Date Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
New Listings
91,798 91,798 81,954 92,018 84,450 94,135 79,219 88,399 96,984 98,159 78,850 89,744 99,144 97,608
Percent Change Year-over-Year
-2.5% -2.5% 3.5% 4.1% -12.9% -4.1% 0.5% -1.5% -2.2% 0.6% 5.1% 14.9% 4.8% 2.6%
New Listings
120,000
2017
2018
2019
2020
100,000
80,000
60,000
40,000
20,000
0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Produced by Florida Realtors? with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, May 11, 2021. Next data release is Thursday, August 12, 2021.
Quarterly Market Detail - Q1 2021 Single Family Homes Florida
Inventory (Active Listings)
The number of property listings active at the end of the quarter
Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the quarter, and hold this number to compare with the same quarter the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going offmarket.
Quarter
YTD (Monthly Avg) Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Inventory
35,900 31,658 45,749 53,392 65,471 83,614 81,822 85,238 90,193 97,195 93,277 90,382 88,411 88,672
Percent Change Year-over-Year
-56.5% -62.1% -44.1% -37.4% -27.4% -14.0% -12.3% -5.7% 2.0% 9.6% 13.5% 6.5% -2.1% -4.2%
Inventory
120,000
2017
2018
2019
2020
100,000
80,000
60,000
40,000
20,000
0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Months Supply of Inventory
An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.
Quarter
YTD (Monthly Avg) Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018
Months Supply
1.0 1.2 1.8 2.2 2.8 3.4 3.3 3.6 3.9 4.2 4.0 3.9 3.9 3.9
Percent Change Year-over-Year
-70.6% -64.7% -45.5% -38.9% -28.2% -19.0% -17.5% -7.7% 0.0% 7.7% 11.1% 2.6% 0.0% -4.9%
Months Supply of Inventory
2017 5.0
2018
2019
2020
4.0
3.0
2.0
1.0
0.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Produced by Florida Realtors? with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, May 11, 2021. Next data release is Thursday, August 12, 2021.
Quarterly Market Detail - Q1 2021 Single Family Homes Florida
Closed Sales by Sale Price
The number of sales transactions which closed during the quarter
Economists' note: Closed Sales are one of the simplest--yet most important--indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a quarter's sales to the amount of sales in the same quarter in the previous year), rather than changes from one quarter to the next.
20,000 18,000 16,000 14,000 12,000 10,000
8,000 6,000 4,000 2,000
0
Less than $50,000
Q1 2020
Q1 2021
$50,000 - $100,000 - $150,000 - $200,000 - $250,000 $99,999 $149,999 $199,999 $249,999 $299,999
Sale Price Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more
$300,000 - $400,000 $399,999 $599,999
Closed Sales
242 974 2,881 7,174 11,703 12,621 17,260 13,560 7,089 4,849
Percent Change Year-over-Year
-48.5% -40.2% -34.0% -21.1% -4.9% 21.8% 36.2% 56.1% 86.8% 119.4%
$600,000 $999,999
$1,000,000 or more
20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0
Closed Sales
Median Time to Contract by Sale Price
The median number of days between the listing date and contract date for all Closed Sales during the quarter
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the quarter. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales.
Q1 2020
Q1 2021
140
120
100
80
60
40
20
0
Less than $50,000 - $100,000 - $150,000 - $200,000 - $250,000 -
$50,000
$99,999 $149,999 $199,999 $249,999 $299,999
Sale Price Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more
$300,000 - $400,000 $399,999 $599,999
Median Time to Contract 21 Days 21 Days 17 Days 16 Days 15 Days 16 Days 16 Days 19 Days 33 Days 66 Days
Percent Change Year-over-Year
-30.0% -30.0% -50.0% -48.4% -60.5% -62.8% -63.6% -66.1% -59.3% -50.4%
140
120
100
80
60
40
20
0
$600,000 - $1,000,000 or
$999,999
more
Median Time to Contract
Produced by Florida Realtors? with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, May 11, 2021. Next data release is Thursday, August 12, 2021.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- mid peninsula real estate
- quarterly market detail q1 2021 single family homes
- quarterly market detail q1 2016 single family homes
- quarterly market detail q3 2021 single family homes
- trump tax law hurts homeowners and helps real
- quarterly market detail q2 2021 single family homes
- abd e news iowa
- market update boston real estate q1 q3 2008
- immediate release
- len deighton billion dollar brain literature save 2
Related searches
- hud single family housing handbook 4000 1
- single story homes for sale las vegas
- hud single family handbook
- multi family homes for sale
- multi family homes near me
- multi family homes ct
- two family homes zillow
- multi family homes for sale near me
- multi family homes for sale massachusetts
- multi family homes foreclosures
- 2 family homes for sale
- fha approved single family homes