Florida Townhouses and Condos July 2020 Market Report
Florida Townhouses and Condos market is recovering from the effects of the current pandemic. Closed sales were up by 6.5% as compared to last month’s decrease of 10.9%. New sales under contract (new pending sales) increased by 19.3% (In June there was a 19.8% increase).
Prices increased for July. The median sales price was up by 11.7% (was up by 7.7% in June), while the average sales price increased by 12.8% (was up 7.3% in June).
The inventory of active listings decreased by 4.5% from July of last year. This results in 5.6 months of inventory as compared to 5.5 months for July 2019. Moving back into 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.
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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