July 2015 Monthly Market Detail Florida Townhouses and Condos
The July 2015 Monthly Market Detail Florida Townhouses and Condos continues to show improved activity as compared to last July. Closed sales were up by 13.9% as compared to last months increase of 14.6% and new sales under contract (new pending sales) increased by 4.7% (In June there was a 2.7% increase).
Both median and average sales prices continue to increase, with rises of (year to year) 9.1% and 4.3% respectively (in June they were up by 7.9% and 3.1%). As sales volume decreases, I expect to see some moderation in the coming months for price increases.
The inventory decreased by 2% from July of last year. For July 2015 we have 5.3 months of inventory (was 5.5 months in June) also was 5.7 from last July. A slight sellers market for now, as a 6 months inventory supply is considered a balanced market.
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:
July 2015 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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