Florida Townhouses and Condos February 2019 Market Report
The Florida Townhouses and Condos Market Report for February 2019 had weaker sales activity when compared to last February. Closed sales were down by 5.7% as compared to last month’s decrease of 10.9% and new sales under contract (new pending sales) decreased by 3.1% (In January there was a 10.3% decrease). These decreases are considerably less severe than last month.
Prices, however, continue to rise for February though at a much more reasonable pace than most of last year. Median sales prices were up by 4.7% (was up by 2.8% in January), while the average sales price increased by 3.7% (was up 1.3% in January).
The inventory of active listings increased by 8.5% from February of last year. We now have 6.4 months of inventory as compared to 6.0 months for February 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 February 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.
Leave a Reply