I ran across these sets of graphs for the State of Florida and the statistics for its residential market in an article I read and thought they were very useful and interesting.
Even though they are for all of Florida and there are differences in local markets, they pretty much show the same type of trends that we are seeing here in our local market.
One really good thing about these is that there are more statistics than I usually cover and they show the trends going back several years.
They also cover Single Family Home and Condo/Townhouse statistics separately.
In addition to an overview, they also cover:
- New Listings
- Pending Sales
- Closed Sales
- Days on Market Until Sale
- Median Sales Price
- Average Sales Price
- Percent of Original List Price Received
- Housing Affordability Index
- Inventory of Homes for Sale
- Months Supply of Inventory
These will give you a good view of the overall Florida residential real estate market and why I’ve written about how it is a different market than it was just a couple of years ago.
Here’s where the report with the charts prepared by the Florida Realtors ® Organization can be found: http://media.floridarealtors.org/wp-content/uploads/2011/10/June-2012-Fla-housing-data.pdf
It won’t take a long time to look through these charts and I highly recommend that you do look at them at some point when you have 5-10 minutes.