Florida Townhouses and Condos May 2020 Market Report
Florida Townhouses and Condos market is now showing the effects of the current pandemic. Both closed and pending sales are down for the month when compared to last year. Closed sales were down by 50.3% as compared to last month’s decrease of 36.5%. New sales under contract (new pending sales) decreased by 16.8% (In April there was an 56.6% decrease).
Prices, however, increased for April. The median sales price was up by 3.3% (was up by 7.7% in April), while the average sales price increased by 1.0% (was up 0.7% in April).
The inventory of active listings decreased by 4.3% from April of last year. This results in 6.0 months of inventory as compared to 5.9 months for March 2019. Moving into a balanced 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.
Recent Florida Market Report Posts:
- Florida Townhouses and Condos 2024 3rd Quarter Report
- Florida Single Family Homes 2024 3rd Quarter Report
- Florida Townhouses and Condos September 2024 Market Report
- Florida Single Family Homes September 2024 Market Report
- Florida Townhouses and Condos August 2024 Market Report
- Florida Single Family Homes August 2024 Market Report
Leave a Reply