September 2015 Monthly Market Detail Martin County Townhouses and Condos
September 2015 Monthly Market Detail Martin County Townhouses and Condos had a another slow month as compared to last year (as well as previous months). Year to year closed sales were down by 13.6% (was down by 14.4% in August) and new sales under contract (new pending sales) were down by 17.4% from September 2014 (decreased by 17.5% in August).
The median sales price was up by 13.7% (was up by 33.2% in August) while the average sales price increased by 10.2% (was up by 22% in August) as compared to September of 2014. Prices continue to go up as volume decreases, though at a reduced rate from last month.
The inventory of available townhouses and condos has increased by 5 units to 342 properties from last month, this is 33.5% less inventory than was available in September of 2014. For September there was a 3.1 month supply of inventory (a 37.1% decrease from last year). Continuing as a very strong sellers market for townhouses and condos in Martin County. We are heading into the slower season for condo sales and I expect to see a little more weakening here until after the holidays.
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September 2015 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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