Brad O Connor, Ph.D. Chief Economist FloridaRealtors brado@floridarealtors.org
Overall, statewide sales growth has been stagnant since Q4 of 2015
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
State of Florida Q2 2015 + 14.5% Q3 2015 + 13.1% Q4 2015 + 0.4% Q1 2016 + 0.3% Q2 2016 + 1.4% Q3 2016 0.4% Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Overall, statewide sales growth has been stagnant since Q4 of 2015 This trend is not uniform across the state Single family home markets south of the I-4 Corridor have generally experienced negative sales growth Sales in North and Central Florida single family home market have generally risen
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Overall, statewide sales growth has been stagnant since Q4 of 2015 This trend is not uniform across the state This trend is not uniform across sale price tiers
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Overall, statewide inventories of active listings have not changed much since the outset of 2013
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Overall, statewide inventories of active listings have not changed much since the outset of 2013 This trend is not uniform across sale price tiers Inventories of existing homes selling for $200K and up are *rising* Inventories of existing homes selling for less than $200K are *plummeting*
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Overall, statewide inventories of active listings have not changed much since the outset of 2013 This trend is not uniform across sale price tiers This trend is not uniform across the state in part due to local differences in stocks of homes from different price tiers
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Only part of this decline is due to rising home values
Rising home values Florida is running out of distressed properties
Active Listings: Non-Distressed Distressed Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Produced by Florida Realtors Research with data provided by CoreLogic
Closed Sales: Non-Distressed Distressed Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Continued high year-over-year growth in Median Sale Prices each month Double-digit percentage growth remains the norm in many single family home markets Home values are rising, but not at the pace indicated by this Median Sale Price growth and to understand why, we first need to evaluate the recent trends in sales and inventory
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
State of Florida Q2 2015 + 11.1% Q3 2015 + 10.2% Q4 2015 + 11.1% Q1 2016 + 11.8% Q2 2016 + 10.0% Q3 2016 + 12.5% Produced by Florida Realtors Research with data provided by Florida s multiple listing services
State of Florida Q2 2015 + 10.7% Q3 2015 + 8.7% Q4 2015 + 6.0% Q1 2016 + 5.5% Q2 2016 + 5.2% Q3 2016 + 6.7% Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Produced by Florida Realtors Research with data provided by Florida s multiple listing services
Produced by Florida Realtors Research with data provided by the Fla. Dept. of Revenue, Florida s county property appraisers, and Florida s MLSs
Produced by Florida Realtors Research with data provided by the U.S. Bureau of the Census
Metro Area Pct. Growth U.S. Rank The Villages + 4.3% 1 Cape Coral-Fort Myers + 3.3% 3 Punta Gorda + 2.8% 9 North Port-Sarasota-Bradenton + 2.7% 11 Orlando-Kissimmee-Sanford + 2.6% 13 Naples-Immokalee-Marco Island + 2.6% 14 Lakeland-Winter Haven + 2.3% 21 Port St. Lucie + 2.3% 22 Sebastian-Vero Beach + 2.2% 29 Deltona-Daytona Beach-Ormond Beach + 2.1% 30 Palm Bay-Melbourne-Titusville + 2.0% 36 Jacksonville + 2.0% 37 Tampa-St. Petersburg-Clearwater + 2.0% 40 Produced by Florida Realtors Research with data provided by the U.S. Bureau of the Census
Metro Area Pct. Growth U.S. Rank Cape Coral-Fort Myers + 3.3% 2 North Port-Sarasota-Bradenton + 2.7% 5 Orlando-Kissimmee-Sanford + 2.6% 6 Naples-Immokalee-Marco Island + 2.6% 7 Lakeland-Winter Haven + 2.3% 12 Port St. Lucie + 2.3% 13 Deltona-Daytona Beach-Ormond Beach + 2.1% 17 Palm Bay-Melbourne-Titusville + 2.0% 21 Jacksonville + 2.0% 22 Tampa-St. Petersburg-Clearwater + 2.0% 24 Produced by Florida Realtors Research with data provided by the U.S. Bureau of the Census
Produced by Florida Realtors Research with data provided by the U.S. Bureau of Labor Statistics