November 2014 Monthly Market Detail Florida Townhouses and Condos
The November 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida is showing a little weakness in year to year volume of sales. Closed sales were down by 5.4% as compared to last months increase of 7.4% and new sales under contract (new pending sales) decreased by 1% (October’s decrease was 3.3%).
Both median and average sales prices were up (year to year) by 7.7% and 6.2% respectively (in October they were up by 7.7% and 10.3%). These increases in value appear to be moderating a bit after some very large rates in the past few months.
Inventory remained unchanged from last year. The first month in over a year without an increase (was up by 5.3% in October). The November 2014 is still a healthy balanced market with a 6 months supply of inventory (was 5.9 months in October) which is up 5.8% from last year. A 6 months inventory supply is considered a balanced market.
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 2014 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.
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