July 2013 Monthly Market Detail Martin County Townhouses and Condos
The July 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results. We’ve had a very impressive run so far in 2013 with no signs of abatement. Year to year closed sales were up by 20.8% ( down by 18% in June) while new sales under contract (new pending sales) increased by 65.6% (was 38.3% in June).
The median sales price increased by 20.7% (was up by 14.6% in June) while the average sales price rose by 10.2% (was up 25.3% in June) as compared to July of 2012.
The inventory of available townhouses and condos have decreased to 545 units which is a decrease of 31.5% from last July. Current supply of inventory is only 5.5 months (a 41.4% decrease from last year). For the Martin County townhouse and condo market we are now in a seller’s market. This will put significant pressure into possible rising values as long as a seller’s market persists.
Click here to view or download the full report:
July 2013 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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