May 2014 Monthly Market Detail Martin County Single Family Homes
The May 2014 Monthly Market Detail Martin County Single Family Homes showed excellent activity. Martin County single family home sales exceeded the average in the state and is showing excellent strength. Year to year closed sales were up by 18.6% (was up only 0.5% in April). New pending sales decreased by 0.4% as compared to May of 2013 (decreased by 9.1% in April). I would have liked to see some stronger new pending sale numbers.
The median sales price was up by 8.0% from last year (up by 12.6% in April) while the average price increased by 4.3% (was down by 19.3% last month). Ideally price increases in the single digits, like this month, are a good healthy sign for the market.
The inventory of available single family homes increased from April 2014 by 22 homes to 1,420 units this month, representing a 21.8% increase from last May. Current supply of inventory remains unchanged from last month at 7.5 months (a 9.6% increase from last year). Hovering just outside of a balanced market for now with a slight advantage for buyers.
Click here to view or download the full report: May 2014 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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