Florida Townhouses and Condos December 2018 Market Report
The Florida Townhouses and Condos Market Report for December 2018 had weaker sales activity when compared to last December. Closed sales were down by 11.4% as compared to last month’s increase of 4.9% and new sales under contract (new pending sales) decreased by 12.6% (In November there was a 9.6% decrease).
Prices, however, continue to rise for December though not as much as they were in the earlier months of the year. Median sales prices were up by 2.8% (was up by 5.1% in November), while the average sales price increased by 0.8% (was up 7.9% in November).
The inventory of active listings increased by 8.0% from December of last year. We now have 5.7 months of inventory as compared to 5.6 months for December 2017. We remain in a seller’s market for Florida townhouse and condo sales, though close to a balanced market. 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 December 2018 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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