October 2015 Monthly Market Detail Martin County Townhouses and Condos
October 2015 Monthly Market Detail Martin County Townhouses and Condos is showing weaker closed activity year to year. Closed sales were down by 5.7% (was down by 13.6% in September) and new sales under contract (new pending sales) were down by 12.9% from October 2014 (decreased by 17.4% in September).
Prices continue to increase, though at a greatly reduced rate from the previous two months. The median sales price was up by 4.0% (was up by 13.7% in September) while the average sales price decreased by 2.2% (was up by 10.2% in September) as compared to October of 2014.
The inventory of available townhouses and condos has increased by 31 units to 373 properties from last month. It’s good to see some increased inventory, though this is still 33.5% less than was available in October of 2014. For October there was a 3.4 month supply of inventory (a 26.5% decrease from last year). Still in a strong sellers market for townhouses and condos for Martin County. We are heading into the slower season for condo sales and I expect to see a little more weakening for our market until after the holidays.
Click here to view or download the full report:
October 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.
Leave a Reply