January 2015 Monthly Market Detail Florida Townhouses and Condos
The January 2015 Monthly Market Detail Florida Townhouses and Condos for the state of Florida indicates a pretty weak month for the start of 2015. Closed sales were down by 11.3% as compared to last months increase of 11.3% and new sales under contract (new pending sales) decreased by 0.8% (December’s decrease was 1.4%).
Both median and average sales prices, however, continue to rise. Increases of (year to year) 5.4% and 3.2% respectively (in December they were up by 8.4% and 8.8%). Considerably slower rates of increase than for most of the past months.
The inventory increased by 3.5% for January. This was the first increase after two months of flat inventory numbers. For January 2015 we have a 6.2 months supply of inventory (was 5.9 months in December) which is up from 5.5% from last year. A 6 months inventory supply is considered a balanced market. The townhouse and condo market for Florida is not performing nearly as well as the single family real estate 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:
January 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.
