July 2013 Monthly Market Detail Martin County Single Family Homes
Another month of solid gains year to year for the July 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors. Closed sales were up by 18.2% (was 24.4 % in June) and new sales under contract (new pending sales) increased by 42.1% (43.9% in June).
Both the median and average sales prices (year to year) increased this month by percentages of 11.8% and 14% respectively.
The inventory of available single family homes have decreased to only 1102 units which is down by 23.9% from last July. Current supply of inventory is only 6.3 months (a 35.5% decrease from last year). We are now in a balanced market for residential sales in Martin County. There’s no reason not to expect a sellers market should the inventory continue to decrease.
Please look at the full Martin County single family market detail by clicking on the links below:
Click here to view or download the full report:
July 2013 Monthly Market Detail Martin County Single Family Homes
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.
