September 2013 Monthly Market Detail Martin County Townhouses and Condos
The September 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results. Though the gains for September were surprisingly strong as compared to August of 2013, though we are entering into our slower season. Year to year closed sales were up by 36.2% ( up by 1.3% in August) while new sales under contract (new pending sales) decreased by 8% (was up 4.9% in August).
The median sales price increased by 49.5% (was up by 16.3% in August) while the average sales price rose by 30.6% (was up 13.4% in August) as compared to September of 2012.
The inventory of available townhouses and condos has increased slightly to 560 units from last month, while still a decrease of 29.8% from last September. Current supply of inventory is only 5.6 months (a 41.9% 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:
September 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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