January 2014 Monthly Market Detail Martin County Townhouses and Condos
January 2014 Monthly Market Detail Martin County Townhouses and Condos report began the year with continued signs of a slowing momentum, but still mostly positive overall results from previous years. Even though price rises have moderated a bit this month, I’m expecting to see more increases in value until the inventory begins to increase. Year to year closed sales were up by 4.3% (down by 9% in December) while new sales under contract (new pending sales) decreased by 20.9% (was up 8.1% in December).
The median sales price increased by 15.2 % (was up a whopping 45% in December) while the average sales price increased by 3.7% (was up 10.4% in December) as compared to January of 2013.
The inventory of available townhouses and condos has increased by 15 to 638 units from last month, but this is still down from January of 2013 by 19.6%. Current supply of inventory is 6.4 months (a 29.9% decrease from last year). The Martin County townhouse and condo market is fairing much better than many other areas of the state.
Click here to view or download the full report: January 2014 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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