Martin County Townhouse and Condo Sales 2013 Yearly Review
For the Martin County Townhouse and Condo Sales 2013 Yearly Review showed a continued strengthening of this segment of the Martin County real estate market. Year to year closed sales were up by 14.5% as compared to 2012 which saw an increase of 5.2% and new sales under contract (new pending sales) increased by 29.2% (2012 saw a n increase of 15%).
Both median and average sales prices were up (year to year) by 14.9% and 12.3% respectively (2012 numbers were 3.9% and 5.4%). Very significant gains, especially when compared to recent years.
Inventory decreased by 17.5% as compared to 2012’s decrease of 17%. While the supply of inventory dropped to 6.3 months as compared to 8.7 months for 2012. A balanced market for Martin County townhouses and condos. I’m a bit concerned over the continued decrease in available inventory as this will lead to reduced numbers in the future. Though, as prices continue to gain, I expect inventories to rise as well.
To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2013 Yearly Review
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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