June 2013 Monthly Market Detail Martin County Townhouses and Condos
While there were positive results in pricing year to year for the June 2013 Monthly Market Detail Martin County Townhouses and Condos, sales numbers were off for the month. Year to year closed sales were down by 12.8% ( up by 28% in May) while new sales under contract (new pending sales) increased by 38.3% (was 56.6% in May).
The median sales price increased by 14.6% (was off 5.5% in May) while the average sales price rose by 25.3% (was up 9.74% in May) as compared to June of 2012.
The inventory of available townhouses and condos have decreased to 547 units which is a decrease of 33.5% from last June. Current supply of inventory is only 5.6 months (a 33.5% decrease from last year). For the Martin County townhouse and condo market we are now in a slight 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:
June 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.
Leave a Reply