September 2013 Monthly Market Detail Martin County Single Family Homes
Positive reports for the September 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors. Surprisingly strong results compared to many other areas of the state for September. Closed sales were up by 58.5% (was 9.1% in August) and new sales under contract (new pending sales) increased by 24.1% (35.2% in August).
Both the median and average sales prices (year to year) increased this month by percentages of 35% and 21.9% respectively.
The inventory of available single family homes increased this month to 1216 units but this is still down by 9.3% from last September. Current supply of inventory is only 6.6 months (a 24.5% 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:
September 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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