November 2014 Monthly Market Detail Martin County Single Family Homes
The November 2014 Monthly Market Detail Martin County Single Family Homes slowed in closed volume. Year to year closed sales were down by 1.2% (was up 23.3% in October). New pending sales increased by 9% as compared to November of 2013 (increased by 4.6% in October).
The median sales price was down by 1.5% from last year (up by 2.6% in October) while the average price decreased by 8.8% (was up by 26.8% last month). We appear to be in somewhat of a roller coaster ride in the past three months as far as prices are concerned. Difficult to determine any meaningful trends at this time.
The inventory of available single family homes increased from October 2014 by 7 homes to 1,260 units this month, and is a 0.5% increase from last November. Current supply of inventory remains unchanged at 6.1 months from last month’s 6.1 (a 10.1% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.
Click here to view or download the full report: November 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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