April 2013 Monthly Market Detail Martin County Single Family Homes
Another excellent month as reported by Florida Realtors for the April 2013 Monthly Market Detail Martin County Single Family Homes. Year to year closed sales were up by 28.9% and new sales under contract (new pending sales) increased by 47.3%
Both the median and average sales prices have risen year over year by 23.5% and 32% respectively.
The inventory of available single family homes have decreased to 1216 units which id down by 29.1% from last April. Current supply of inventory is only 7.2 months (a 41.5% decrease from last year). If this trend continues (and we see no reason to doubt it) we will soon be in a balanced market for the single family real estate market in Martin County. There’s no reason not to expect a sellers market should the inventory continue to decrease.
Here’s the summary chart from the Florida Realtors report:
Click here to view or download the full report:
April 2013 Monthly Market Detail Martin County Single Family Homes
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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