September 2014 Monthly Market Detail Florida Townhouses and Condos
For the September 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida we’re seeing positive results once again after a disappointing summer. Year to year closed sales were up by 2.2% as compared to last months decrease of 8.8% and new sales under contract (new pending sales) increased by 1.2% (August’s decrease was 13.1%).
Both median and average sales prices were up (year to year) by 9.8% and 12% respectively (in August they were up by 3.8% and .5%). These fairly large increases can be a mixed blessing as to fast of a rate of appreciation can price many potential buyers out of the market.
Inventory rose for the twelfth month in a row, by 5.3% (was up by 8.9% in August). The September 2014 numbers show a marked increase in activity levels and we continue as a seller’s market as there is currently a 5.8 months supply of inventory (was 5.7 months in August) which is up 8% from last year. A 6 months inventory supply is considered a balanced market.
Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report: September 2014 Monthly Market Detail Florida 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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