July 2014 Monthly Market Detail Martin County Single Family Homes
The July 2014 Monthly Market Detail Martin County Single Family Homes showed continued strong market activity. Martin County single family home sales exceeded the average in the state and continues to show excellent strength. Year to year closed sales were up by 19.5% (was up only 19.6% in June). New pending sales increased by 21.1% as compared to July of 2013 (increased by 15.7% in June). This continues strong trend that was not present at the beginning of the year.
The median sales price was up by 2.2% from last year (up by 13.7% in June) while the average price decreased by 2.9% (was up by 9.2% last month). A moderating of price increases is a positive for future sales, keeping the rate of increase lower makes homes more affordable.
The inventory of available single family homes decreased from June 2014 by 97 homes to 1,294 units this month, this still represents a 20.6% increase from last July. Current supply of inventory decreased to 6.6 months from last month’s 7.2 (a 7.8% increase from last year). This market is in a slight advantage for buyers.
Click here to view or download the full report: July 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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