Florida Townhouses and Condos June 2021 Market Report
Florida Townhouses and Condos showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 79.6% as compared to last month’s increase of 155.2%. New sales under contract (new pending sales) increased by 7.5% (In May, a 56.7% increase).
Prices continued to rise in June. The median sales price was up by 22.4% (was up by 24.1% in May). While the average sales price increased by 35.5% (was up 43.7% in May).
The inventory of active listings decreased by 54.0% from June of last year. This results in 1.8 months supply of inventory as compared to 5.7 months for May 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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