Florida Townhouses and Condos November 2018 Market Report
The Florida Townhouses and Condos November 2018 Market Report remains active and continues with some mixed signals for this period. Closed sales were up by 4.9% as compared to last month’s increase of 14.1% and new sales under contract (new pending sales) decreased by 9.6% (In October there was a 0.8% decrease).
Prices continue to rise for November though not as much as they were in the earlier months of the year. Median sales prices were up by 5.1% (was up by 5.9% in October), while the average sales price increased by 7.9% (was up 8.0% in October).
The inventory of active listings increased by 6.6% from November of last year. We now have 5.7 months of inventory as compared to 5.7 months for November 2017. We remain in a seller’s market for Florida townhouse and condo sales, though close to a balanced market. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.
Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos November 2018 Market Report
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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