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October 2023 MLS Statistics

by Stacy Kitchell, Managing Broker of Kitchell Group

October stats are in! See below observations on October stats from Stellar MLS.

Warmest regards,

Stacy Kitchell

Stellar MLS October 2023 Residential Stats – This report represents all residential listings in the Stellar MLS coverage area for October 2023.

Please Note: The sales price metric of the PRAR stats has been changed from an average to a median of sale prices. This was done to reduce the volatility in the sale price number caused by the limited number of unit sales and disproportionate property values.
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For the Stellar MLS Florida coverage area, notable statistics state that:

* New Listings are up from the previous month and have increased by 17% when compared to last year, while Active Listings inventory increased by 10% from the previous month and is up 9% compared to last year.

* The number of units sold decreased from the previous month by 7% and have decreased by 5% year over year. Inventory increased by 9% for the same time frame.

* Total Sales Volume decreased by 7% month over month and has decreased by 2% year over year.

* Average Days on Market were unchanged month over month but has increased since last year.

For more information and details, call or text us at 813-693-1003 or send us an Email at https://www.kitchellgroup.com/contact-us/.


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