Discover the latest trends in the 55+ Active Adult real estate market with key insights from the recent report by the (Franklin Loan Center)FLC Active Adult Price Index.
Price Stability
Experience a market with stable prices, as the FLC Active Adult Price Index shows a 1.2% year-over-year increase. The average price of a 1,900 square foot home in eight active adult communities was $592,862 by the end of March.
Sales Performance
March saw an average of 66 units sold per month across all eight communities, an increase of three units from the previous year. Dollar sales remained steady at $37 million per month over the last three months.
Inventory Analysis
Inventory levels rose by 12.2% compared to last year, with 211 units in the eight adult communities at the end of March. Despite this increase, the "months of sales" ratio stood at 3.2 months, indicating a balanced supply versus demand scenario.
Days in the Market
The average "Days in the Market" for active adult communities in March was 59 days, down from 62 days a year ago. Heritage Palms Country Club boasted the shortest selling time at 48 days, while Four Seasons at Terra Lago had the longest at 79 days.
Price Discount/Premium
In March, homes in the eight adult communities sold with an average discount of 1.9%, a decrease from 2.3% a year ago. Discounts ranged from 0.5% in Four Seasons at Terra Lago to 2.8% in Trilogy Polo Club.
We extend our thanks to Walter Neil with the Franklin Loan Center for providing us with this insightful report. Walter is your trusted resource for all your loan needs, ensuring a seamless journey in the real estate market.
Visit our website to read the full report and explore available listings within the 55+ communities. The 55+ Active Adult real estate market remains robust, offering opportunities for both buyers and sellers. Stay updated with more insights on our website.