Monthly Indicators –
SOUTHEAST FLORIDA –
November 2020 –
Data courtesy of floridarealtors.org
Beaches MLS Service Area:
Broward | Palm Beaches | St Lucie
BeachesMLS Service Area
November saw the Dow Jones Industrial Average top 30,000 for the first time, while mortgage rates reached new record lows again. These new records have provided encouragement for buyers to move forward on home purchases, which continued to remain strong overall for the month.
New Listings decreased 5.7 percent for Single Family homes and 2.5 percent for Townhouse/Condo homes. Pending Sales increased 12.5 percent for Single Family homes and 12.3 percent for Townhouse/Condo homes. Inventory decreased 42.6 percent for Single Family homes and 8.6 percent for Townhouse/Condo homes.
Median Sales Price increased 14.6 percent to $400,000 for Single Family homes and 20.5 percent to $212,000 for Townhouse/Condo homes. Median Time to Contract decreased 50.0 percent for Single Family homes and 2.8 percent for Townhouse/Condo homes. Months Supply of Inventory decreased 46.5 percent for Single Family homes and 7.7 percent for Townhouse/Condo homes.
Showing activity remains higher than the same period a year ago across most of the country, suggesting that strong buyer demand is likely to continue into what is typically the slowest time of year. With inventory remaining constrained in most market segments, sellers continue to benefit from the tight market conditions.
For a detailed PDF with full market stats, please request one by filling out this form:
To sign up for the newsletter, please click here.
Jupiter Dream Life Team | LPT Realty
Team Lead — Heather E Towe, PA
REALTOR®, CRS®, CLHMS®, e-PRO®, PSA®
(561) 778-1642 | hello@jupiterdreamlife.com
Licensed to Sell Real Estate in Florida
How can we help you?
Luxury Real Estate Specialists in and around Palm Beach County
Offering expert real estate advice to everyone, and referrals to local real estate experts all over the world.
Find the Value of Your Home: Click here.
Find Your Next Home: Click here.
Search for New Construction: Click here.
Sign Up for Newsletter: Click here.
Book An Appointment: Click here.
