May 2016 Monthly Market Detail Martin County Townhouses and Condos
May 2016 Monthly Market Detail Martin County Townhouses and Condos had less volume of closed and pending sales from last year, but is still a very active market. Closed sales were down by 5.1% (was up by 3.9% in April) and new sales under contract (new pending sales) were down by 5.4% from May 2014 (decreased by 8.4% in April).
Slightly mixed signals with prices as the median sales price dropped by .0.4% (was up by 19.1% in April) while the average sales price increased by 6.7% (was up by 28.9% in April) as compared to May of 2015. After many months of double digit price gains, this moderation will be welcome news to buyers.
The inventory of available townhouses and condos increased by 7 units to 417 properties as compared to last month. The second month of increases. This is 1.7% above the May 2015 inventory. Currently, there’s a 4.2 month supply of inventory (a 7.7% increase from last year). Still in a sellers market for townhouses and condos for Martin County.
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May 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.
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