November 2015 Monthly Market Detail Florida Townhouses and Condos
The November 2015 Monthly Market Detail Florida Townhouses and Condos had a better month than last month and is continuing with mostly positive results. Closed sales were up by 5.7% as compared to last months decrease of 0.9% and new sales under contract (new pending sales) decreased by 7.2% (In October there was a 4.2% decrease).
Both median and average sales prices continue their increases, with rises of (year to year) 7.1% and 8.2% respectively (in October they were up by 7.2% and 2.4%). Prices continue to increase at a moderate pace.
The inventory decreased by 7.7% from November of last year. For November 2015 we have 5.5 months of inventory (was 5.3 months in October) also was 6.0 from last November. A continued sellers market for now, 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:
November 2015 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.
Leave a Reply