March 2015 Monthly Market Detail Martin County Townhouses and Condos
March 2015 Monthly Market Detail Martin County Townhouses and Condos came back strong for March after a fairly weak February. Year to year closed sales were up by 21.7% (was up by 4.6% in February) as well as new sales under contract (new pending sales) increased by 22.1% from March 2014 (was up by 8.7% in February).
The median sales price was up by 13.2% (was up by 15.6% in February) while the average sales price increased by 7.8% (was up by 5.3% in February) as compared to March of 2014. Continuing a trend of steady increases in values for Martin County.
The inventory of available townhouses and condos has decreased by 47 units to 461 properties from last month, this is 25.6% less inventory than was available in March of 2014. For March there was a 4.2 month supply of inventory (a 32.3% decrease from last year). A very strong sellers market for townhouses and condos in Martin County. Buyers are in need of additional inventory for their potential purchases.
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March 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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