Florida Townhouses and Condos February 2021 Market Report
Florida Townhouses and Condos market is continuing to show strong real estate activity when compared to last year. Closed sales were up by 28.7% as compared to last month’s increase of 24.6%. New sales under contract (new pending sales) increased by 35.4% (In January there was a 32.0% increase).
Prices were also up for February. The median sales price was up by 16.6% (was up by 15.0% in January). While the average sales price increased by 30.4% (was up 18.1% in January).
The inventory of active listings decreased by 34.4% from February of last year. This results in 3.4 months of inventory as compared to 5.4 months for February 2020. 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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