June 2016 Monthly Market Detail Martin County Townhouses and Condos
June 2016 Monthly Market Detail Martin County Townhouses and Condos is giving us some mixed signals with closed sales off from last year but a very strong month for new pending sales.. Closed sales were down by 5.0% (was down by 5.1% in May) and new sales under contract (new pending sales) were up by 39.1% from June 2014 (decreased by 5.4% in May).
Another month of mixed signals with prices as the median sales price increased by 5.7% (was down by 0.4% in May) while the average sales price decreased by 5.4% (was up by 6.7% in May) as compared to June of 2015. I've been predicting some sort of moderation in the rate of price increases and this appears to have happened.
The inventory of available townhouses and condos decreased by 36 units to 381 properties as compared to last month. The first monthly decline after two months of increases. This is 1.0% below the June 2015 inventory. Currently, there's a 3.9 month supply of inventory (an 8.3% increase from last year). Still in a strong sellers market for townhouses and condos in Martin County.
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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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