September 2015 Monthly Market Detail Florida Townhouses and Condos
The September 2015 Monthly Market Detail Florida Townhouses and Condos continues to show improved activity as compared to last year for most criteria, though not as robust as in earlier months. Closed sales were up by 8.4% as compared to last months increase of 4.1% and new sales under contract (new pending sales) decreased by 5.5% (In August there was a 0.4% decrease).
Both median and average sales prices continue to increase, with rises of (year to year) 5.1% and 2.9% respectively (in August they were up by 10.3% and 3.3%). The rate of price increases appear to have slowed a bit for this past month.
The inventory decreased by 4.1% from September of last year. For September 2015 we have 5.2 months of inventory (was 5.3 months in August) also was 5.8 from last September. A continued sellers market for now, as 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 2015 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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