Sept 2023 Stats Are Out

Within the expansive coverage area of Stellar MLS in Florida, we're witnessing some fascinating real estate statistics that tell a compelling story of the market's dynamic evolution: 1. **New Listings:** In the most recent data, we see that new listings have held steady compared to the previous month, yet they have soared by an impressive 13% compared to last year. This is a clear indicator of a resilient and growing real estate market. 2. **Active Listings Inventory:** Over the past month, the inventory of active listings increased by a noteworthy 9%, up by 3% compared to the previous year. This suggests a healthy availability of properties, catering to the diverse needs of both buyers and sellers. 3. **Units Sold:** While there was a modest 5% decline in units sold compared to the previous month, this metric shows a striking 12% year-over-year increase. This signals a robust and steadily growing demand, even as inventory levels expand by 3% during the same period. 4. **Total Sales Volume:** Although the total sales volume showed a 6% decline on a month-to-month basis, it has surged by a remarkable 19% when we look at it from a yearly perspective. This suggests that despite short-term fluctuations, the market's overall health remains vibrant. 5. **Average Days on Market:** A property's average spending on the market has remained unchanged compared to the previous month but has increased since last year. This could indicate a need where properties are being more thoroughly considered, leading to a slight increase in the time they spend listed. These statistics paint a picture of a real estate market in Florida's Stellar MLS area that is evolving and adapting to the changing circumstances. The real estate landscape is filled with opportunities and possibilities for both buyers and sellers, making it a promising time to be part of this dynamic market.