Florida Townhouses and Condos September 2019 Market Report
For September 2019, Florida Townhouses and Condos had mixed sales results when compared to last September. Closed sales were up by 6.1% as compared to last month’s decrease of 2.9%. New sales under contract (new pending sales) decreased by 0.4% (In August there was a 1.4% decrease).
Prices, though, were up for September. The median sales price was up by 5.8% (was up by 2.7% in August), while the average sales price increased by 1.3% (was up 3.1% in August).
The inventory of active listings decreased by 0.6% from September of last year. We now have 5.3 months of inventory which is the same as the 5.3 months for September 2018. Remaining 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.
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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