Florida Townhouses and Condos February 2020 Market Report
For February 2020, Florida Townhouses and Condos continued the new year with strong sales activity. Closed sales were up by 10.8% as compared to last month’s increase of 14.5%. New sales under contract (new pending sales) increased by 13.9% (In January there was an 14.3% increase).
Prices were also up for February. The median sales price was up by 6.7% (was up by 8.1% in January), while the average sales price increased by 2.6% (was up 7.5% in January).
The inventory of active listings decreased by 13.1% from February of last year. This results in 5.4 months of inventory as compared to 6.4 months for February 2019. 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.
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