June 2015 Monthly Market Detail Florida Townhouses and Condos
The June 2015 Monthly Market Detail Florida Townhouses and Condos rebounded after a somewhat weak May. Closed sales were up by 14.6% as compared to last months decrease of 0.1% and new sales under contract (new pending sales) increased by 2.7% (In May there was a 1.4% decrease).
Both median and average sales prices continue to increase, with rises of (year to year) 7.9% and 3.1% respectively (in May they were up by 9.7% and o.5%). As sales volume decreases, I expect to see some moderation in the coming months for price increases.
The inventory decreased by 1.8% from June of last year. For June 2015 we have 5.5 months of inventory (was 5.8 months in May) also was 5.8 from last June. A slight 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:
June 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.
