Florida Townhouses and Condos January 2022 Market Report
Florida Townhouses and Condos showed slightly better sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory that is significantly affecting the real estate market. Closed sales were up by 6.7% as compared to last month’s increase of 5.4%. New sales under contract (new pending sales) decreased by 7.3% (In December, a 5.9% increase).
Prices continued to rise in January. The median sales price was up by 23.9% (was up by 19.9% in December). While the average sales price increased by 19.6% (was up 22.4% in December).
The inventory of active listings decreased by 58.0% from January of last year. This results in 1.2 months supply of inventory as compared to 3.9 months for January 2021. 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.
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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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- Florida Townhouses and Condos January 2024 Market Report
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