Florida Townhouses and Condos June 2020 Market Report
Florida Townhouses and Condos market is still showing some effects of the current pandemic, but not as bad as last month. Closed sales were down by 10.9% as compared to last month’s decrease of 50.3%. New sales under contract (new pending sales) increased by 19.8% (In May there was an 16.8% decrease).
Prices, however, increased for May. The median sales price was up by 7.7% (was up by 3.3% in May), while the average sales price increased by 7.3% (was up 1.0% in May).
The inventory of active listings decreased by 5.9% from June of last year. This results in 5.7 months of inventory as compared to 5.7 months for June 2019. Moving back into a sellers’ 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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