January 2014 Monthly Market Detail Martin County Single Family Homes
The January 2014 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors began 2014 with mostly a positive start. Only negative was that new pending sales were off by 18.8% from last year (increased by 9.5% in December). Closed sales were up by 29.9% (was 17.8% in December).
The median sales price was up by 24.7% from last year while the average price dropped by 8.5%. This is not an indication of rising or lowering values, but rather the mix of homes that have sold this month. Generaly values are in fact rising at a fairly moderate pace overall, though individual locations will vary.
The inventory of available single family homes increased from December 2013 to 1,355 units, and this is an 8.3% increase from last January. Current supply of inventory is only 6.9 months (a 9.6% decrease from last year). We continue to be in a balanced market for residential sales in Martin County. A continues strong market to begin 2014.
Click here to view or download the full report: January 2014 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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