June 2014 Monthly Market Detail Martin County Single Family Homes
The June 2014 Monthly Market Detail Martin County Single Family Homes showed another month with excellent 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 19.6% (was up only 18.6% in May). New pending sales increased by 15.7% as compared to June of 2013 (decreased by 0.4% in May). Quite the turnaround from earlier this year.
The median sales price was up by 13.7% from last year (up by 8.0% in May) while the average price increased by 9.2% (was down by 4.3% last month). Strong increases in value once again after a fairly slow spring.
The inventory of available single family homes decreased from May 2014 by 29 homes to 1,391 units this month, this still represents a 28.7% increase from last June. Current supply of inventory decreased to 7.2 months from last month’s 7.5 (a 15.8% increase from last year). This market is in a slight advantage for buyers.
Click here to view or download the full report: June 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.
Leave a Reply