Are you thinking of selling your home in Florida? Unsure if it’s the right time to sell? One way to tell is to look at the months of supply data. This is a widely used real estate metric that agents rely on to gauge if an area is a seller’s or buyer’s market. Currently, the state of Florida is experiencing a balanced market with months of supply of 5.1. If this number falls below 5, then the area is a seller’s market where the inventory is limited, and there is high buyer demand. We have compiled a list of Florida’s metro areas that are in a seller’s market based on February 2024 home sales data.
Places in Florida that are In a Seller’s Market
1. Orlando, FL metro area
- Months of Supply: 3.1
- Type of Market: Seller’s Market
- Median Sale Price: $399,194
- Days on Market: 47
- Average Sale To List: 97.60%
Orlando is in a seller’s market with a low months of supply of 3.1. Located in central Florida, Orlando’s real estate market is going strong with a median sale price of $399,194 and homes typically selling in just 47 days. It has an average sale to list price of 97.6% which means on average homes are sold at a discount of 2.4% from the asking price.
2. The Villages, FL metro area
- Months of Supply: 3.1
- Type of Market: Seller’s Market
- Median Sale Price: $370,000
- Days on Market: 55
- Average Sale To List: 96.70%
The Villages is another seller’s market in Florida with a low months of supply of 3.1. It is a popular retirement community in central Florida with a median sale price of $370,000, and homes are taking an average of 55 days to sell. The Villages has an average sale to list price of 96.7%, which means buyers are receiving an average of 3.3% discount off the asking price.
3. Tampa, FL metro area
- Months of Supply: 3.3
- Type of Market: Seller’s Market
- Median Sale Price: $371,200
- Days on Market: 47
- Average Sale To List: 97.20%
Located on the west coast of Florida, Tampa is another seller’s market with a low months of supply of 3.3. The median sale price is $371,200, and homes spend an average of only 47 days on the market. Tampa has an average sale to list price of 97.2%, which means homes are sold at an average of 2.8% discount off the asking price.
4. Lakeland, FL metro area
- Months of Supply: 3.8
- Type of Market: Seller’s Market
- Median Sale Price: $319,995
- Days on Market: 55
- Average Sale To List: 97.60%
Located between Tampa and Orlando, Lakeland is another seller’s market with a median sale price of $319,995 and a short average time on market of 55 days.
5. Gainesville, FL metro area
- Months of Supply: 3.9
- Type of Market: Seller’s Market
- Median Sale Price: $322,500
- Days on Market: 47
- Average Sale To List: 97.00%
Gainesville is another seller’s market in Florida with a low months of supply of 3.9. Located in north central Florida, Gainesville has a median sale price of $322,500 and homes typically sell within 47 days.
6. Tallahassee, FL metro area
- Months of Supply: 3.9
- Type of Market: Seller’s Market
- Median Sale Price: $280,000
- Days on Market: 68
- Average Sale To List: 98.40%
Tallahassee is in a seller’s market, with a median sale price of $280,000 and homes selling in an average of 68 days. Of all the places on this list, Tallahassee stands out as the metro area with the highest average sale to list price, which means homes are selling close to the asking price with an average discount of only 1.6%.
7. Palatka, FL metro area
- Months of Supply: 4
- Type of Market: Seller’s Market
- Median Sale Price: $225,000
- Days on Market: 63
- Average Sale To List: 92.30%
Located in northeastern Florida along the St. Johns River, Palatka is in a seller’s market with months of supply of 4. It has a median sale price of $225,000, it’s taking an average of 63 days to sell a home in Palatka. Compared to other metro areas on this list, Palatka buyers are getting a bigger discount on homes with an average sale to list price of 92.3%.
8. Jacksonville, FL metro area
- Months of Supply: 4.1
- Type of Market: Seller’s Market
- Median Sale Price: $372,890
- Days on Market: 69
- Average Sale To List: 97.00%
Jacksonville is in a seller’s market with a months of supply of 4.1. Located on the northeast coast of Florida, Jacksonville has a median sale price of $372,890 and homes typically selling in 69 days.
9. Ocala, FL metro area
- Months of Supply: 4.1
- Type of Market: Seller’s Market
- Median Sale Price: $275,000
- Days on Market: 59
- Average Sale To List: 97.40%
In north central Florida, Ocala is a seller’s market with a median sale price of $275,000 and homes selling at an average of 59 days.
10. Palm Bay, FL metro area
- Months of Supply: 4.4
- Type of Market: Seller’s Market
- Median Sale Price: $353,000
- Days on Market: 69
- Average Sale To List: 97.20%
On Florida’s east coast, Palm Bay is in a seller’s market with months of supply of 4.4. The median sale price at Palm Bay is $353,000 and homes spend an average of 69 days on the market.
11. Homosassa Springs, FL metro area
- Months of Supply: 4.6
- Type of Market: Seller’s Market
- Median Sale Price: $274,900
- Days on Market: 64
- Average Sale To List: 96.60%
Homosassa Springs is in a seller’s market with months of supply of 4.6. Located on Florida’s west coast, Homosassa Springs has a median sale price of $274,900 and homes typically sell in 64 days.
12. Pensacola, FL metro area
- Months of Supply: 4.6
- Type of Market: Seller’s Market
- Median Sale Price: $319,165
- Days on Market: 79
- Average Sale To List: 97.70%
Located in the panhandle of Florida, Pensacola’s real estate market is a seller’s market with a median sale price of $319,165. Homes in Pensacola on average sell in 79 days where homes are selling at 2.3% below the asking price.
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