Florida Townhouses and Condos December 2024 Market Report
Florida Townhouses and Condos real estate market had slightly weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were down by 0.5% compared to last month’s decrease of 15.6%. New sales under contract (new pending sales) decreased by 13.5% (In November, there was a 4.9% decrease).
Prices were down for November compared to last year. The median sales price was down by 4.5% for December (down by 5.8% in November). And the average sales price decreased by 1.9% (was down by 6.7% in November).
The inventory of active listings increased by 42.8% from November last year. This results in a 8.2-month supply of inventory as compared to a 5.1-month supply for December 2023. We remain in a buyer’s market for Florida townhouse and condo sales after a long stretch in a seller’s market. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous Florida townhouses and condo market reports by clicking this link.
To view the latest 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 2024 Market Report
- Florida Single Family Homes December 2024 Market Report
- Florida Townhouses and Condos November 2024 Market Report
- Florida Single Family Homes November 2024 Market Report
- Florida Townhouses and Condos October 2024 Market Report
- Florida Single Family Homes October 2024 Market Report
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