Florida Townhouses and Condos October 2018 Market Report

The Florida Townhouses and Condos October 2018 Market Report remains active and surpassed last year’s activity levels.  Closed sales were up by 14.1% as compared to last month’s increase of 14.6% and new sales under contract (new pending sales) decreased by 0.8% (In September there was a 44.1% increase).

Prices, also, continued to rise for October though not as much as they were in the earlier months of the year.  Median sales prices were up by 5.9% (was up by 5.5% in September), while the average sales price increased by 8.0% (was up 7.6% in September).

The inventory of active listings increased by 5.4% from Octoberof last year.  For October 2018 we have 5.5 months of inventory as compared to 5.6 months for October 2017.  We remain in a seller’s 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.

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 October 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.

Florida Townhouses and Condos October 2018 Market Report