March 2015 Monthly Market Detail Florida Townhouses and Condos
The March 2015 Monthly Market Detail Florida Townhouses and Condos continued a second month of very strong activity after a weak start to 2015. Closed sales were up by 13.7% as compared to last months increase of 7.4% and new sales under contract (new pending sales) increased by 6.5% (February’s increase was 7.5%).
Both median and average sales prices also continue to rise. Increases of (year to year) 8.6% and 7.5% respectively (in February they were up by 8.3% and 6.6%). Excellent gains for sellers in the Florida market. Buyers should consider making their move earlier than later if at all possible.
The inventory increased by 2.1% for March. This was the third month of increasing inventory after two months of flat numbers. For March 2015 we have a 6.1 months of inventory (was 6.2 months in February) which is up from 6.0 from last year. Essentially a balanced real estate market as a 6 months inventory supply is considered a balanced market.
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:
March 2015 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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