August 2013 Monthly Market Detail Martin County Townhouses and Condos
The August 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results. Though the gains for August are not quite as dynamic as they have been in the earlier months of 2013. Year to year closed sales were up by 1.3% ( down by 20.8% in July) while new sales under contract (new pending sales) increased by 4.9% (was 65.6% in July).
The median sales price increased by 16.3% (was up by 20.7% in July) while the average sales price rose by 13.4% (was up 10.2% in July) as compared to August of 2012.
The inventory of available townhouses and condos have decreased to 534 units which is a decrease of 34.1% from last August. Current supply of inventory is only 5.4 months (a 43.5% decrease from last year). For the Martin County townhouse and condo market we are now in a seller’s market. This will put significant pressure into possible rising values as long as a seller’s market persists.
Click here to view or download the full report:
August 2013 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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