Search Results for: Martin County townhouses and condos market report

Martin County Townhouses and Condos June 2021 Market Report

Martin County Townhouses and Condos June 2021 Market Report

The Martin County Townhouses and Condos showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales for the month were up by 39.6%.  They were up by 98.6% in May.  New sales under contract (new pending sales) were down by 26.2% from last year.  They were up by 6.1% in May.

Prices continued to rise in June.  The median sales price increased by 18.8% (was up by 31.9% last month). While the average sales price increased by 26.5% (was up by 18.9% in May).

The inventory of available townhouses and condos decreased by 5 units to 167 properties.  This is a 55.7% smaller supply of inventory than we had in June 2020.  Currently, there’s a 1.4 months supply of inventory (compared to 4.4 months for June 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos June 2021 Market Report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos June 2021 Market Report

Martin County Townhouses and Condos May 2021 Market Report

Martin County Townhouses and Condos May 2021 Market Report

The Martin County Townhouses and Condos showed strong sales activity when compared to last year. Closed sales for the month were up by 98.6%.  They were up by 87.5% in April.  New sales under contract (new pending sales) were up by 6.1% from last year.  They were up by 125.8% in April.

Prices were also up for May.  The median sales price increased by 31.9% (was up by 16.5% last month). While the average sales price increased by 18.9% (was up by 36.0% in April).

The inventory of available townhouses and condos decreased by 32 units to 172properties.  This is a 59.5% smaller inventory than we had in May 2020.  Currently, there’s a 1.5 months supply of inventory (compared to 4.9 months for May 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos May 2021 Market Report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos May 2021 Market Report

Martin County Townhouses and Condos April 2021 Market Report

Martin County Townhouses and Condos April 2021 Market Report

The Martin County Townhouses and Condos market resulted in very strong activity when compared to last year. Closed sales for the month were up by 87.5%.  They were up by 12.6% in March.  New sales under contract (new pending sales) were up by 125.8% from last year.  They were up by 95.5% in March.

Prices were also up for April.  The median sales price increased by 16.5% (was up by 22.0% last month). While the average sales price increased by 36.0% (was up by 18.5% in March).

The inventory of available townhouses and condos decreased by 7 units to 204 properties.  This is a 51.2% smaller inventory than we had in April 2020.  Currently, there’s a 1.9 months supply of inventory (compared to 4.6 months for April 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos April 2021 Market Report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos April 2021 Market Report

Martin County Townhouses and Condos March 2021 Market Report

Martin County Townhouses and Condos March 2021 Market Report

The Martin County Townhouses and Condos market continues to show strong activity when compared to last year. Closed sales for the month were up by 12.6%.  They were up by 21.2% in February.  New sales under contract (new pending sales) were up by 95.5% from last year.  They were up by 14.7% in February.

Prices were also up for March.  The median sales price increased by 22.0% (was up by 30.3% last month). While the average sales price increased by 18.5% (was up by 16.0% in February).

The inventory of available townhouses and condos decreased by 57 units to 211 properties.  This is a 51.8% smaller inventory than we had in March 2020.  Currently, there’s a 2.0 months supply of inventory (compared to 4.7 months for March 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos March 2021 Market Report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos March 2021 Market Report

Martin County Townhouses and Condos February 2021 Market Report

Martin County Townhouses and Condos February 2021 Market Report

The Martin County Townhouses and Condos market continues to show strong activity when compared to last year. Closed sales for the month were up by 21.2%.  They were up by 12.5% in January.  New sales under contract (new pending sales) were up by 14.7% from last year.  They were up by 41.5% in January.

Prices were also up for February.  The median sales price increased by 30.3% (was up by 23.4% last month). While the average sales price increased by 16.0% (was up by 40.3% in January).

The inventory of available townhouses and condos decreased by 8 units to 268 properties.  This is a 38.7 % smaller inventory than we had in February 2020.  Currently, there’s a 2.5 months supply of inventory (compared to 4.5 months for February 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos February 2021 Market Report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos February 2021 Market Report