October 2014 Monthly Market Detail Martin County Townhouses and Condos
October 2014 Monthly Market Detail Martin County Townhouses and Condos showed another month of strong gains. Compared to the Florida state activity, Martin County is outperforming the average in activity and price Year to year closed sales were up by 14% (was up by 22.2% in September) as well as new sales under contract (new pending sales) rose by 36.6% from October 2013 (was up by 44% in September).
The median sales price jumped by 49.8% (was down by 1% in September) while the average sales price rose by 43.5% (was down by 0.4% in September) as compared to October of 2013. We had some small decreases in September, but for October we are seeing some exceptional value increases.
The inventory of available townhouses and condos has decreased by 27 units to 487 properties from last month which is also 20.8% less inventory than was available in October of 2013. This represents a 4.7 month supply of inventory (a 20.5% decrease from last year). A sellers market for townhouses and condos in Martin County for October 2014.
Click here to view or download the full report: October 2014 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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