Florida Townhouses and Condos December 2020 Market Report
Florida Townhouses and Condos market is continuing to show strong real estate activity. Closed sales were up by 27.7% as compared to last month’s increase of 30.2%. New sales under contract (new pending sales) increased by 42.6% (In November there was a 22.4% increase).
Prices were also up for December. The median sales price was up by 13.7% (was up by 16.9% in November). While the average sales price increased by 16.8% (was up 22.0% in November).
The inventory of active listings decreased by 18.3% from December of last year. This results in 4.2 months of inventory as compared to 5.3 months for December 2019. Remaining in a sellers’ market for Florida townhouse and condo sales. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. In conclusion, a very strong market.
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.
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