Florida Townhouses and Condos October 2021 Market Report
Florida Townhouses and Condos showed slower sales activity when compared to last year. Reflecting the low inventory that is currently available. Closed sales were down by 5.6% as compared to last month’s increase of 4.9%. New sales under contract (new pending sales) decreased by 0.4% (In September, a 3.0% increase).
Prices, though, continued to rise in October. The median sales price was up by 17.6% (was up by 17.2% in September). While the average sales price increased by 19.6% (was up 18.7% in September).
The inventory of active listings decreased by 54.0% from October of last year. This results in 1.6 months supply of inventory as compared to 4.9 months for October 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.
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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