March 2013 Monthly Market Detail Martin County Single Family Homes
Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Martin County Single Family Homes. Year to year closed sales were up by 22.7% and new sales under contract (new pending sales) increased by 37.4%
Both the median and average sales prices have risen year over year by 19.4% and 23% respectively.
The inventory of available townhouses and condos have decreased to 1274 units which id down by 27.3% from last March. Current supply of inventory is only 7.7 months (a 38.1% decrease from last year). If this trend continues (and we see no reason to doubt it) we will soon be in a balanced market for the single family real estate market in Martin County. There’s no reason not to expect a sellers market should the inventory continue to decrease.
Here’s the summary chart from the Florida Realtors report:
Click here to view or download the full report:
March 2013 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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