Florida Townhouses and Condos September 2017 Market Report
The Florida Townhouses and Condos Market Report for September 2017 showed weaker activity from last year. This decrease can most likely be attributed to Hurricane Irma which shut things down for a couple of weeks in September. Closed sales were down by 15.9% as compared to last month’s increase of 2.6% and new sales under contract (new pending sales) decreased by 32.7% (In August there was a 8.1% increase).
Prices continue to go up. Median sales prices were up by 8.1% (was up by 6.3% in August), while the average sales price increased by 7.9% (was up 5.5% in August).
The inventory of active listings decreased by 3.8% from September of last year. For September 2017 we have 5.5 months of inventory (was 5.4 months in August) and compared to 5.7 months for September 2016. We remain in a slight seller’s market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.
Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos September 2017 Market Report
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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