January 2015 Monthly Market Detail Martin County Townhouses and Condos
January 2015 Monthly Market Detail Martin County Townhouses and Condos began the year as it ended 2014 with continued strong activity . Year to year closed sales were up by 23.6% (was up by 31.3% in December) as well as new sales under contract (new pending sales) increased by 19% from January 2014 (was up by 10.8% in December).
The median sales price was up by 7.5% (was down by 18.2% in December) while the average sales price dropped by 2.2% (was down by 13.6% in December) as compared to January of 2014. The rate of price increases seem to have stalled somewhat for townhouses and condos the past few months.
The inventory of available townhouses and condos has increased by 5 units to 514 properties from last month, though this is still 20.9% less inventory than was available in January of 2014. For January there was a 4.7 month supply of inventory (a 24.1% decrease from last year). A strong sellers market for townhouses and condos in Martin County for January 2015.
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January 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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