November 2013 Monthly Market Detail Martin County Townhouses and Condos
The November 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results. This is the second month of mixed to poor results and mirrors some of the other counties as well as the state of Florida as a whole. We are now well into our slower season, however we are comparing to last years results for the same period. Year to year closed sales were down by 6.4% ( up by 1.1% in October) while new sales under contract (new pending sales) decreased by 1% (was down 36.2% in October).
The median sales price decreased by 0.2% (was up by 1.3% in October) while the average sales price dropped by 26.7% (was up 10.7% in October) as compared to November of 2012.
The inventory of available townhouses and condos has increased to 624 units from last month, still under November 2012 inventory by 15.8%. Current supply of inventory is 6.2 months (a 27.5% decrease from last year). After several months of a seller’s market we are transitioning into a balanced market once again. A balanced market is a healthy sign if it continues through the year.
Click here to view or download the full report:
November 2013 Monthly Market Detail Martin County 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.
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