Monthly Indicators –
SOUTHEAST FLORIDA –
January 2021 –
Data courtesy of floridarealtors.org
Beaches MLS Service Area:
Broward | Palm Beaches | St Lucie
BeachesMLS Service Area
January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units.
New Listings decreased 20.5 percent for Single Family homes and 12.1 percent for Townhouse/Condo homes. Pending Sales increased 12.0 percent for Single Family homes and 21.4 percent for Townhouse/Condo homes. Inventory decreased 52.1 percent for Single Family homes and 21.6 percent for Townhouse/Condo homes.
Median Sales Price increased 12.7 percent to $400,000 for Single Family homes and 19.5 percent to $215,000 for Townhouse/Condo homes. Median Time to Contract decreased 53.8 percent for Single Family homes and 20.9 percent for Townhouse/Condo homes. Months Supply of Inventory decreased 54.8 percent for Single Family homes and 24.1 percent for Townhouse/Condo homes.
The Mortgage Bankers Association’s January research estimates approximately 2.7 million homeowners with mortgages are currently in forbearance plans. Some of these homes may eventually come to market, but given the strong appreciation in most market segments in recent years, these eventual home sales are likely to be mostly traditional sellers. However, a modest increase in short sales and foreclosures at some point this year would not be surprising.
For a detailed PDF with full market stats, please request one by filling out this form:
To get news and market updates delivered to your inbox, click here.
Jupiter Dream Life Team | The Corcoran Group
Team Lead — Heather E Towe, PA
REALTOR®, CRS®, CLHMS®, e-PRO®, PSA®
(561) 778-1642 | firstname.lastname@example.org
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.