Florida Townhouses and Condos September 2021 Market Report
Florida Townhouses and Condos showed some improved closed sales when compared to last year. New pending sales, however, were off slightly, reflecting the low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 4.9% as compared to last month’s increase of 13.1%. New sales under contract (new pending sales) decreased by 3.0% (In August, a 3.7% increase).
Prices, though, continued to rise in September. The median sales price was up by 17.2% (was up by 16.1% in August). While the average sales price increased by 18.7% (was up 18.9% in August).
The inventory of active listings decreased by 52.2% from September of last year. This results in 1.7 months supply of inventory as compared to 5.1 months for August 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. 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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