May 2015 Monthly Market Detail Martin County Townhouses and Condos
May 2015 Monthly Market Detail Martin County Townhouses and Condos activity decreased in volume from last year while still showing some exceptionally strong price gains. Year to year closed sales were down by 4.7% (was down by 9.5% in April) as well as new sales under contract (new pending sales) was down by 11.7% from May 2014 (decreased 19.2% in April).
The median sales price was up by 38.0% (was down by 1.1% in April) while the average sales price increased by 42.2% (was down by 5.0% in April) as compared to May of 2014. Back into some exceptionally strong price gains.
The inventory of available townhouses and condos has decreased by 31 units to 424 properties from last month, this is 25.0% less inventory than was available in May of 2014. For May there was a 3.9 month supply of inventory (a 31.8% decrease from last year). A very strong sellers market for townhouses and condos in Martin County. Buyers are in need of additional inventory for their potential purchases.
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May 2015 Monthly Market Detail Martin County Townhouses and Condos
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
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