Florida Townhouses and Condos December 2019 Market Report

For December 2019, Florida Townhouses and Condos ended 2019 with very strong sales activity.  Closed sales were up by 17.7% as compared to last month’s decrease of 6.3%.  New sales under contract (new pending sales) increased by 8.3% (In November there was an 8.6% increase).

Prices were also up for December.  The median sales price was up by 8.1% (was up by 5.4% in November), while the average sales price increased by 11.5& (was up 1.9% in November).

The inventory of active listings decreased by 9.7% from December of last year.  This results in 5.2 months of inventory as compared to 5.8 months for December 2018.  Remaining in a 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.

View previous Florida townhouses and condo market reports by clicking this link.

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.

Florida Townhouses and Condos December 2019 Market Report

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