Florida Townhouses and Condos July 2018 Market Report

The Florida Townhouses and Condos July 2018 Market Report remains in a strong market with better activity when compared to last year.  Closed sales were up by 8.5% as compared to last month’s increase of 1.2% and new sales under contract (new pending sales) increased by 1.8% (In June there was a 0.0% increase).

Prices, also, continued to rise for July though at a slightly slower rate than in past months.  Median sales prices were up by 5.3% (was up by 7.5% in June), while the average sales price increased by 1.0% (was up 9.6% in June).

The inventory of active listings decreased by 2.2% from July of last year.  For July 2018 we have 5.3 months of inventory (was 5.5 months in June) and compared to 5.6 months for July 2017.  We remain 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.

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 July 2018 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.

Florida Townhouses and Condos July 2018 Market Report