April 2015 Monthly Market Detail Florida Townhouses and Condos
The April 2015 Monthly Market Detail Florida Townhouses and Condos continued to show improvement from last year. The volume of activity increases has moderated a little. Closed sales were up by 8.1% as compared to last months increase of 13.7% and new sales under contract (new pending sales) increased by 0.6% (March’s increase was 6.5%).
Both median and average sales prices also continue to rise. Increases of (year to year) 10.3% and 6.1% respectively (in March they were up by 8.6% and 7.5%). Excellent gains for sellers in the Florida market. Buyers should consider making their move earlier than later if at all possible as price gains are showing no signs of stabilizing or decreasing.
The inventory increased slightly by 1.7% for April. This was the fourth month of increasing inventory after two months of flat numbers. For April 2015 we have 6 months of inventory (was 6.1 months in March) also was 6.0 from last April. Essentially a balanced real estate market 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:
April 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