May 2013 Monthly Market Detail Martin County Single Family Homes
Solid market activity though not as strong as previous spring reports for the May 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors. Year to year closed sales were up by 5.5% and new sales under contract (new pending sales) increased by 43.7%
Both the median and average sales prices decreased this month by year to year percentages of 16.3% and 20.2% respectively.
The inventory of available single family homes have decreased to only 1166 units which id down by 29.9% from last May. Current supply of inventory is only 6.8 months (a 40.2% 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.
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Click here to view or download the full report:
May 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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