Florida Townhouses and Condos March 2021 Market Report
Florida Townhouses and Condos market is continuing to show strong real estate activity when compared to last year. Closed sales were up by 52.6% as compared to last month’s increase of 28.7%. New sales under contract (new pending sales) increased by 126.4% (In February there was a 35.4% increase).
Prices were also up for March. The median sales price was up by 15.2% (was up by 16.6% in February). While the average sales price increased by 23.8% (was up 30.4% in February).
The inventory of active listings decreased by 45.1% from March of last year. This results in 2.8 months of inventory as compared to 5.5 months for March 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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- Florida Townhouses and Condos January 2024 Market Report
- Florida Single Family Homes January 2024 Market Report
- Florida Townhouses and Condos December 2023 Market Report
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