March 2013 Monthly Market Detail Martin County Townhouses and Condos
Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Martin County Townhouses and Condos. Year to year closed sales were up by an impressive 38.7% and new sales under contract (new pending sales) increased by over 41%
The median and average sales prices also increased by 12.8% and 23.6% respectively from March of 2012.
The inventory of available townhouses and condos have decreased to 687 units which id down by 20.6% from last March. Current supply of inventory is only 7.5 months (a 30.6% decrease from last year). For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.
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 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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