October 2013 Monthly Market Detail Martin County Single Family Homes
The October 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed slightly slower activity than in most previous months this year, though still much improved from last year. Closed sales were up by 8.5% (was 58.5% in September) and new sales under contract (new pending sales) increased by 36.2% (24.1% in September).
The median sales price was up by 20.6% from last year while unfortunately the average declined by 30.5%.
The inventory of available single family homes increased this month to 1242 units but this is still down by 4.2% from last October. Current supply of inventory is only 6.7 months (a 18.9% 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:
October 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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