Monthly Market Summary - January 2024

Townhouses and Condos

Florida
Percent Change
January 2024 January 2023
Year-over-Year

Closed Sales 6,008 6,078 -1.2%

Paid in Cash 3,357 3,352 0.1%
Median Sale Price $320,000 $310,000 3.2%
Average Sale Price $476,193 $462,401 3.0%
Dollar Volume $2.9 Billion $2.8 Billion 1.8%
Med. Pct. of Orig. List Price Received 95.1% 95.7% -0.6%
Median Time to Contract 44 Days 31 Days 41.9%
Median Time to Sale 86 Days 73 Days 17.8%
New Pending Sales 8,921 9,745 -8.5%
New Listings 17,673 13,452 31.4%
Pending Inventory 12,598 14,175 -11.1%
Inventory (Active Listings) 51,187 31,422 62.9%
Months Supply of Inventory 5.8 3.1 87.1%

2020 2021 2022 2023

20,000

15,000
Closed Sales

10,000

5,000

0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

$350K
$300K
Median Sale Price

$250K
$200K
$150K
$100K
$50K
$0K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

60,000

50,000
Inventory

40,000

30,000

20,000

10,000

0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

2020 2021 2022 2023

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 Thursday, February 22, 2024. Next data release is Thursday, March 21, 2024.
 Monthly Distressed Market - January 2024
Townhouses and Condos
Florida
Percent Change
January 2024 January 2023
Year-over-Year

Closed Sales 5,970 6,038 -1.1%

Traditional
Median Sale Price $323,000 $310,000 4.2%

Closed Sales 35 35 0.0%

Foreclosure/REO
Median Sale Price $205,000 $220,500 -7.0%

Closed Sales 3 5 -40.0%

Short Sale
Median Sale Price $330,000 $199,900 65.1%

2020 2021 2022 2023

Traditional Foreclosure/REO Short Sale

100%
90%
80%
70%
Closed Sales

60%
50%
40%
30%
20%
10%
0%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

$500K

$450K

$400K

$350K
Median Sale Price

$300K

$250K

$200K

$150K

$100K

$50K

$0K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

2020 2021 2022 2023

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 Thursday, February 22, 2024. Next data release is Thursday, March 21, 2024.