December 2014 Monthly Market Detail Florida Townhouses and Condos
The December 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida has bounced back to show better activity after a few a weaker December. Closed sales were up by 11.3% as compared to last months decrease of 5.4% and new sales under contract (new pending sales) decreased by 1.4% (November’s decrease was 1%).
Both median and average sales prices were up (year to year) by 8.4% and 8.8% respectively (in November they were up by 7.7% and 6.2%). Prices continue to rise at a strong rate for Florida Townhouses and Condos.
The inventory decreased by .01% for December, it was unchanged in November. Now two months of flat inventory. For December 2014 we have a 5.9 months supply of inventory (was 6 months in November) which is up from 5.8% from last year. A 6 months inventory supply is considered a balanced market. As prices rise, we should see more inventory coming on the market, hopefullt prices won’t be too high to scare potential buyers away.
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: December 2014 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.
