January 2014 Monthly Market Detail Florida Townhouses and Condos
For the January 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida a mostly positive result to begin the year as compared to the start of 2013. Though more positive results than they were for last month. Year to year closed sales were up by 9.3% as compared to last months decrease of 2.5% and new sales under contract (new pending sales) decreased by 6% (December’s decrease was 8.7%).
Both median and average sales prices were up (year to year) by 17% and 21% respectively. Very significant gains.
Inventory rose for the third month in a row, by 3.5%. If the inventory keeps rising, I expect to see some increases in the sales volume and a leveling off or a moderation to the pretty dramatic price increases we’ve experienced last year.
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: January 2014 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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