November 2013 Monthly Market Detail Martin County Single Family Homes
The November 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed strong closed activity and a small weakening of pending activity. When compared to the results from the state of Florida, martin County is doing very well. Closed sales were up by 33.8% (was 8.5% in October) and new sales under contract (new pending sales) decreased by 4% (Increase of 36.2% in October).
The median sales price was up by 5.2% from last year while unfortunately the average declined by 7.2%.
The inventory of available single family homes increased this month to 1271 units but this is still down by 4.5% from last November. Current supply of inventory is only 6.7 months (a 12.4% decrease from last year). We are now in a balanced market for residential sales in Martin County. Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.
Please look at the full Martin County single family market detail by clicking on the links below:
Click here to view or download the full report:
November 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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