June 2014 Monthly Market Detail Florida Townhouses and Condos
For the June 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida, activity has decreased from last years hot pace but has improved from last month. Year to year closed sales were up by 3.1% as compared to last months decrease of 7% and new sales under contract (new pending sales) decreased by 9% (May’s decrease was 13.4%).
Both median and average sales prices were up (year to year) by 8.5% and 5.8% respectively (in May it was 13.7% and 12.7%). Moderating price increases have been anticipated by me as the inventory rises and the sales activity cools a bit.
Inventory rose for the ninth month in a row, by 13.4% (was up by 11.3% in May). While the June 2014 numbers are not as robust as those of last year, this continues to be an active market with a 5.8 month supply of inventory (was 6 months in May) which is up 11.4% from last year. Currently a slight advantage to sellers.
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: June 2014 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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