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Martin County Townhouse and Condo Sales 2020 Yearly Review

Martin County Townhouse and Condo Sales 2020 Yearly Review

The Martin County Townhouse and Condo Sales for 2020 showed stronger sales activity when compared to 2019.   Initially, after the pandemic hit, market activity slowed to a near standstill. This was followed by a very strong sellers’ market for the remainder of the year. Year to year closed sales were up by 10.5% as compared to 2019 which were down by 9.6% and new sales under contract (new pending sales) increased by 15.7% (2019 saw a decrease of 8.2%).

Martin County Townhouse and Condo Sales 2020 Yearly Review
Click on the image to view the full report

Both median and average sales prices were up (year to year) by 12.5% and 13.0% respectively (2019 numbers were 6.7% and 8.5%).  Stronger than the increases of the previous year.

Inventory decreased by 25.1% as compared to the 2019’s decrease of 8.8%. And the supply of inventory dropped to 2.9 months as compared to 4.2 months for 2018.  Even a stronger seller’s market for Martin County townhouses and condos.

 To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2020 Yearly Review

Here are the previous Martin County yearly reviews!

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 Townhouse and Condo Sales 2020 Yearly Review

Martin County Single Family Home Sales 2020 Yearly Review

Martin County Single Family Home Sales 2020 Yearly Review

The Martin County Single Family Home Sales for 2020 as reported by Florida Realtors showed stronger sales activity when compared to 2019.  Initially, after the pandemic hit, market activity slowed to a near standstill. This was followed by a very strong sellers’ market for the remainder of the year. Year to year closed sales were up by 10.5% (were down by 0.2% in 2019) and new sales under contract (new pending sales) increased by 17.7% (was up by 2.6% in 2019).

Martin County Single Family Home Sales 2020 Yearly Review
Click on the image for the full report

Both median and average sales prices continued to rise (2019 to 2020) by 3.4% and 7.8% respectively.  This rate while positive is not as high as last year which was 3.1% and 1.1% respectively in 2019.

The inventory of available homes for sale decreased by 45.7% from 2019.  While the monthly supply of homes decreased to 2.2 months. A very strong seller’s market.  Typically a 6-month inventory indicates a balanced market where neither the seller nor buyer has an advantage.

To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2020 Yearly Review

Click here to view previous Martin County yearly reviews!

To view the complete 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 Single Family Home Sales 2020 Yearly Review

Martin County Townhouse and Condo Sales 2019 Yearly Review

Martin County Townhouse and Condo Sales 2019 Yearly Review

The Martin County Townhouse and Condo Sales for 2019 showed reduced sales activity when compared to 2018.   Year to year closed sales were down by 9.6% as compared to 2018 which were up by 1.5% and new sales under contract (new pending sales) decreased by 8.2% (2018 saw a decrease of 2.7%).

Martin County Townhouse and Condo Sales 2019 Yearly Review
Click on the image to view the full report

Both median and average sales prices were up (year to year) by 6.7% and 8.5% respectively (2018 numbers were 6.4% and 6.4%).  A little bit stronger than the increases of last year.

Inventory decreased by 8.8% as compared to the 2018’s decrease of 11.4%. And the supply of inventory rose to 4.2 months as compared to 3.5 months for 2018.  Even a stronger seller’s market for Martin County townhouses and condos.

 To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2019 Yearly Review

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 Townhouse and Condo Sales 2018 Yearly Review

Martin County Single Family Home Sales 2019 Yearly Review

Martin County Single Family Home Sales 2019 Yearly Review

The Martin County Single Family Home Sales for 2019 as reported by Florida Realtors showed slightly weaker sales activity when compared to 2018 for the Martin County single-family housing market.   Year to year closed sales were down by 0.2% (were down by 2.0% in 2018) and new sales under contract (new pending sales) increased by 2.6% (was down by 7.1% in 2018).

Martin County Single Family Home Sales 2018 Yearly Review
Click on the image for the full report

Both median and average sales prices continued to rise (2018 to 2019) by 3.1% and 1.1% respectively.  This rate while positive is not as high as last year which was 5.2% and 3.5% respectively in 2018.

The inventory of available homes for sale decreased by 4.8% from 2018.  While the monthly supply of homes decreased to 4.5 months.  Still a seller’s market.  Typically a 6-month inventory indicates a balanced market where neither the seller or buyer has an advantage.

To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2019 Yearly Review

To view the complete 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 Single Family Home Sales 2018 Yearly Review

Martin County Townhouse and Condo Sales 2018 Yearly Review

Martin County Townhouse and Condo Sales 2018 Yearly Review

For the Martin County Townhouse and Condo Sales 2018 Yearly Review showed mixed sales activity when compared to 2017 for this segment of the Martin County real estate market.   Year to year closed sales were up by 1.5% as compared to 2017 which were up by 6.7% and new sales under contract (new pending sales) decreased by 2.7% (2017 saw an increase of 1.0%).

Martin County Townhouse and Condo Sales 2018 Yearly Review

Both median and average sales prices were up (year to year) by 6.4% and 6.4% respectively (2017 numbers were 3.3% and 2.4%).  A little bit stronger than the increases of last year.

Inventory decreased by 11.4% as compared to 2017’s decrease of 7.3%. And the supply of inventory dropped to 3.5 months as compared to 4.0 months for 2017.  Even a stronger seller’s market for Martin County townhouses and condos.

 To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2018 Yearly Review

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 Townhouse and Condo Sales 2018 Yearly Review