Martin County Townhouses and Condos June 2017 Market Detail
Martin County Townhouses and Condos Market Detail for June 2017 appears to have had a difficult June when compared to last summer. Closed sales for the month were down by 17.4% (were up by 2.5% in May) while new sales under contract (new pending sales) were down by 12.3% from June 2016 (increased by 1.0% in May).
Prices were also off for June as the median sales price decreased by 0.4% (was up by 7.3% in May) while the average sales price decreased by 3.0% (was up by 6.4% in May) as compared to June of 2016. This is a reversal of last months activity.
The inventory of available townhouses and condos decreased by 25 units to 396 properties as compared to last month. This is still 4.2% greater than the June 2016 inventory. Currently, there’s a 4.3 month supply of inventory (a 10.3% increase from last year which was 3.9 months). Still a sellers’ market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.
Click here to view or download the full report:
Martin County Townhouses and Condos June 2017 Market Detail
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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