Florida Townhouses and Condos May 2021 Market Report
Florida Townhouses and Condos market continue impressive real estate activity when compared to last year. Closed sales were up by 155.2% as compared to last month’s increase of 130.9%. New sales under contract (new pending sales) increased by 56.7% (In April there was a 208.8% increase).
Prices were also up for May. The median sales price was up by 24.1% (was up by 19.6% in April). While the average sales price increased by 43.7% (was up 39.9% in April).
The inventory of active listings decreased by 54.6% from May of last year. This results in 2.0 months of inventory as compared to 6.0 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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