April 2015 Monthly Market Detail Martin County Townhouses and Condos
April 2015 Monthly Market Detail Martin County Townhouses and Condos once again slowed after an excellent March. Year to year closed sales were down by 9.5% (was up by 21.7% in March) as well as new sales under contract (new pending sales) decreased 19.2% from April 2014 (was up by 22.1% in March).
The median sales price was down by 1.1% (was up by 13.2% in March) while the average sales price decreased by 5.0% (was up by 5.3% in March) as compared to April of 2014. Ending a trend of steady increases in values for Martin County.
The inventory of available townhouses and condos has decreased by 6 units to 455 properties from last month, this is 21.4% less inventory than was available in April of 2014. For April there was a 4.1 month supply of inventory (a 28.9% decrease from last year). A very strong sellers market for townhouses and condos in Martin County. Buyers are in need of additional inventory for their potential purchases.
Click here to view or download the full report:
April 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.
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