Florida Townhouses and Condos May 2017 Market Detail
The Florida Townhouses and Condos Market Detail for May 2017 showed continued growth when compared to last year. Closed sales were up by 8.0% as compared to last month’s decrease of 4.0% and new sales under contract (new pending sales) increased by 8.0% (In April there was a 5.5% decrease).
Prices rose for the month. Median sales prices were up by 8.1% (was up by 7.2% in April), while the average sales price decreased by 8.0% (was down 0.9% in April). Back to steadily increasing values.
The inventory of active listings decreased by 1.5% from May of last year. For May 2017 we have 6.0 months of inventory (was 6.1 months in April) and compared to 6.1 months for May 2016. We remain in a balanced market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.
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:
Florida Townhouses and Condos May 2017 Market Detail
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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