November 2013 Monthly Market Detail Florida Townhouses and Condos
The November 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed a weakening of both closed and pending sales as compared to last year. Year to year closed sales were down by 7.1% as compared to last months increase of 3.1% and new sales under contract (new pending sales) decreased by 10.2% (October’s decrease was 3.6%).
Both median and average sales prices were up (year to year) by 17.2% and 12.3% respectively.
For the first time in a while the inventory crept up slightly by 1.3%. The reduced inventory is what is making prices rise as well as keeping sales volume down. I expect both inventory and sales volume to increase in the coming year if the economic news continues to be positive.
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:
November 2013 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.
Leave a Reply