April 2016 Monthly Market Detail Martin County Townhouses and Condos

April 2016 Monthly Market Detail Martin County Townhouses and Condos  had a small increase in closed sales, though future pending sales are lower.  Closed sales were up by 3.9% (was down by 11.2% in March) and new sales under contract (new pending sales) were down by 8.4% from April 2014 (decreased by 5.9% in March).

The median sales price was up by 19.1% (was up by 26.6% in March) while the average sales price increased by 28.9% (was up by 40.3% in March) as compared to April of 2015.  These are very impressive price gains and I just don’t know how long this can continue before it prices more buyers out of the Martin County real estate market

The inventory of available townhouses and condos increased by 12 units to 410 properties as compared to last month.  The first increase in two months. This is 2.4% below the April 2015 inventory.  Currently, there’s a 4.2 month supply of inventory (a 5.0% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.

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April 2016 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.

April 2016 Monthly Market Detail Martin County Townhouses and Condos