January 2016 Monthly Market Detail Florida Townhouses and Condos
The January 2016 Monthly Market Detail Florida Townhouses and Condos is continuing the trend of reduced closed activity to begin 2016. Closed sales were down by 4.8% as compared to last months decrease of 1.2% and new sales under contract (new pending sales) decreased by 15.8% (In December there was a 5.2% decrease).
The median sales price was up again by 10.9% (up by 5% in December), while the average sales price increased by 5.3% (was down 2% in December). Interestingly prices continue to rise despite the weaker volume of sales.
The inventory increased by 1.5% from January of last year. For January 2016 we have 5.9 months of inventory (was 5.4 months in December) also compared to 6.2 for January 2015. Just about into a balanced market, as a 6 months inventory supply is considered a balanced market.
Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
January 2016 Monthly Market Detail Florida 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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