Florida Townhouses and Condos April 2019 Market Report
The Florida Townhouses and Condos Market Report for April 2019 had stronger sales activity when compared to last April. Closed sales were up by 3.2% as compared to last month’s decrease of 6.1% and new sales under contract (new pending sales) decreased by 0.8% (In March there was a 3.1% increase). A little stronger showing than in the past few months.
Prices continue to rise, though at a more moderate pace than in the past few years. Median sales prices were up by 2.1% (was up by 3.6% in March), while the average sales price increased by 3.1% (was up 6.3% in March).
The inventory of active listings increased by 6.4% from April of last year. We now have 6.1 months of inventory as compared to 5.8 months for April 2018. Remaining in a balanced 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 April 2019 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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