October 2013 Monthly Market Detail Martin County Townhouses and Condos
The October 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results. After some surprisingly strong results from last month. 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 up by 1.1% ( up by 36.2% in September) while new sales under contract (new pending sales) decreased by 36.2% (was down 8% in September).
The median sales price increased by 1.3% (was up by 49.5% in September) while the average sales price rose by 10.7% (was up 30.6% in September) as compared to October of 2012.
The inventory of available townhouses and condos has increased slightly to 596 units from last month, while still a decrease of 21.1% from last October. Current supply of inventory is only 5.9 months (a 33.9% decrease from last year). For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market. This is exerting significant pressure into rising values for this segment of the real estate market.
Click here to view or download the full report:
October 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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