Florida Townhouses and Condos September 2020 Market Report
Florida Townhouses and Condos market is recovering strongly from the effects of the current pandemic. Closed sales were up by 25.3% as compared to last month’s increase of 10.3%. New sales under contract (new pending sales) increased by 43.0% (In August there was a 20.7% increase).
Prices were also up for September. The median sales price was up by 12.7% (was up by 14.5% in August). While the average sales price increased by 16.4% (was up 14.6% in August).
The inventory of active listings decreased by 7.4% from September of last year. This results in 5.1 months of inventory as compared to 5.3 months for September 2019. 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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