February 2015 Monthly Market Detail Florida Townhouses and Condos
The February 2015 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed some excellent gains after a weak start to 2015. Closed sales were up by 7.4% as compared to last months decrease of 11.3% and new sales under contract (new pending sales) increased by 7.5% (January’s decrease was 0.8%).
Both median and average sales prices, however, continue to rise. Increases of (year to year) 8.3% and 6.6% respectively (in January they were up by 5.4% and 3.2%). Once again picking up momentum to fairly hgh year to year increased rates.
The inventory increased by 3% for February. This was the second month of increasing inventory after two months of flat numbers. For February 2015 we have a 6.2 months supply of inventory (was also 6.2 months in January) which is up from 6.1% from last year. A 6 months inventory supply is considered a balanced market. The townhouse and condo market for Florida continues to lag in performance from the single family real estate 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:
February 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.
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