August 2013 Monthly Market Detail Martin County Single Family Homes
Positive reports for the August 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors, though not quite as robust as last month. Closed sales were up by 9.1% (was 18.2% in July) and new sales under contract (new pending sales) increased by 35.2% (42.1% in July).
Both the median and average sales prices (year to year) increased this month by percentages of 17% and 29.8% respectively.
The inventory of available single family homes have decreased to 1102 units which is down by 21.1% from last August. Current supply of inventory is only 6.2 months (a 31.4% decrease from last year). We are now in a balanced market for residential sales in Martin County. There’s no reason not to expect a seller’s market should the inventory continue to decrease.
Please look at the full Martin County single family market detail by clicking on the links below:
Click here to view or download the full report:
August 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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