September’s numbers were a bit of a surprise this year. Typically September sales are lower than July’s and August’s, which is how it was this year (although not much below). But September ended up being only the 2nd month in 2014 that was noticeably higher in sales than the same month last year. So far this year, every month’s sales were very close to the sales figures for the same month in 2013 except for June and now September which both had a significant increase over last year.
In addition to that, September is the first month since December 2010 where the inventory even came close to going below where it was in the previous year. We are still in a constrained inventory condition with less than 4 months inventory so buyers will still need to use the correct strategies to when buying (covered in previous month’s articles) and sellers will still be in a good condition as long as they also approach selling the correct way (also covered in previous month’s articles).
Here are the statistic graphs for September 2014:
Information for charts above was taken from PRO/Suncoast MLS from Jan 2007 thru May 2011 & from the MFRMLS for May 2011 thru Sept 2014. This information may or may not include all listed expired, withdrawn, pending or sold properties of one or more members of the My Florida Regional Multiple Listing Service.