St Lucie County Townhouses and Condos February 2025 Market Report

03.25.25 by

St Lucie County Townhouses and Condos February 2025 Market Report

The St Lucie County Townhouses and Condos real estate market had weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were down by 22.2% from last year (they were up by 9.6% in January). New pending sales were up by 16.8% (they were up by 15.1% last month).

Some good news – prices were up for February. The median price increased by 5.3% from last year (was down by 0.5% in January) and the average sales price increased by 2.1% (was down by 14.5% in January).

The available townhouses and condos inventory increased by 29 units from last month to 895 residences. This is a 39.4% greater inventory than we had in February 2024. The current inventory supply is 11.6 months, as compared to 7.3 months of inventory last year.  The St Lucie County townhouses and condos real estate market is in a solid buyer’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos February 2025 Market Report

St Lucie County Single Family Homes February 2025 Market Report

03.24.25 by

St Lucie County Single Family Homes February 2025 Market Report

The Febuary 2025 St Lucie County Single Family real estate market showed poorer sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were down by 12.0% for the month compared to the previous year (in January they were up by 9.5%). New sales under contract (new pending sales) were down 18.6% (were down 8.0% last month).

Prices changed nominally in January when compared to last year.  The median sales price was $390,500, up 0.1% (it went down 1.6% in January).  The average sales price was up down slightly by 1.7% (it was up by 0.2% in January).

The number of available homes for sale increased to 2,747.  This inventory is 40.9% greater than last year. The current supply of homes is 6.1 months (it was 4.2 months for last year).  The St. Lucie County single-family home market is a balanced one.  A balanced market is one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click here to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes February 2025 Market Report

Martin County Townhouses and Condos February 2025 Market Report

03.23.25 by

Martin County Townhouses and Condos February 2025 Market Report

The Martin County Townhouses and Condos real estate market had weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties including high mortgage and insurance rates. Closed sales for the month were down by 24.7%.  They were down by 8.2% in January.  New sales under contract (new pending sales) were down by 3.9%.  They were down by 21.9% in January.

Prices may be turning a corner and leveling out.  The median sales price decreased by only 1.5% (was down by 17.3% last month). And, the average sales price increased by 7.1% (was down by 11.7% in January).

The available townhouses and condos inventory increased to 806 properties.  This is a 47.1% greater supply of inventory than we had in February 2024.  Currently, there’s a 10.1-month supply of inventory (compared to 6.3 months for February 2024).  We are now in a market clearly favoring buyers for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos February 2025 Market Report

Martin County Single Family Homes February 2025 Market Report

03.22.25 by

Martin County Single Family Homes February 2025 Market Report

The Martin County Single Family Homes real estate market had poorer sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and higher mortgage rates than recent past, but consumer optimism seems to have improved. Closed sales were down by 5.5% from last year (they were up in January). At the same time, new pending sales were down by 15.4% compared to last year (which increased by 4.1% last month).

Prices were mixed for February when compared to last year.  The median sales price remained relatively unchanged at $649,500 (up by 8.6% in January) and the average sales price increased by 28.9% (up by 22.5% last month).

The inventory of available single-family homes increased by 77 homes this month to 969. This is a 43.1% greater inventory than last February.  The current supply of homes is 5.9 months.  For February of last year, it was 4.1 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes February 2025 Market Report

St Lucie County Townhouses and Condos January 2025 Market Report

03.19.25 by

St Lucie County Townhouses and Condos January 2025 Market Report

The St Lucie County Townhouses and Condos real estate market had stronger sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were up by 9.6% from last year (they were down by 3.0% in December). New pending sales were up by 15.1% (they were up by 54.5% last month).

Prices were down for December. The median price decreased by 0.5% from last year (was down by 6.6% in December) and the average sales price decreased by 14.5% (was down by 19.9% in December).

The available townhouses and condos inventory increased by 102 units from last month to 866 residences. This is a 36.6% greater inventory than we had in January 2024. The current inventory supply is 11.0 months, as compared to 7.4 months of inventory last year.  The St Lucie County townhouses and condos real estate market is in a solid buyer’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos January 2025 Market Report

St Lucie County Single Family Homes January 2025 Market Report

03.18.25 by

St Lucie County Single Family Homes January 2025 Market Report

The January 2025 St Lucie County Single Family real estate market showed mixed sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were up by 9.5% for the month compared to the previous year (in December they were up by 5.2%). New sales under contract (new pending sales) were down 8.0% (were up 8.1% last month).

Prices decreased in January when compared to last year.  The median sales price was $383,900, down 1.6% (it remained steady in December).  The average sales price was up down slightly by 0.2% (it was up by 2.4% in December).

The number of available homes for sale increased to 2,580.  This inventory is 36.3% greater than last year. The current supply of homes is 5.7 months (it was 4.1 months for last year).  The St. Lucie County single-family home market remains a sellers’ market, though trending towards a balanced one.  A balanced market is one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click here to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes January 2025 Market Report

Martin County Townhouses and Condos January 2025 Market Report

03.17.25 by

Martin County Townhouses and Condos January 2025 Market Report

The Martin County Townhouses and Condos real estate market had weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties including high mortgage and insurance rates. Closed sales for the month were down by 8.2%.  They were down by 9.9% in December.  New sales under contract (new pending sales) were down by 21.9%.  They were down by 21.9% in December.

Prices dropped in January.  The median sales price decreased by 17.3% (was down by 15.8% last month). And, the average sales price decreased by 11.7% (was down by 10.7% in December).

The available townhouses and condos inventory increased to 750 properties.  This is a 47.6% greater supply of inventory than we had in January 2024.  Currently, there’s a 9.2-month supply of inventory (compared to 5.9 months for January 2024).  We remain in a balanced market slightly favoring buyers for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos January 2025 Market Report

Martin County Single Family Homes January 2025 Market Report

03.16.25 by

Martin County Single Family Homes January 2025 Market Report

The Martin County Single Family Homes real estate market had positive sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and higher mortgage rates than recent past, but consumer optimism seems to have improved. Closed sales were up 7.5% from last year (they were up in December too). At the same time, new pending sales were up by 4.1% compared to last year (which increased by 12.9% last month).

Prices improved for January when compared to last year.  The median sales price increased by 8.6% from last year (up by 4.5% in December) and the average sales price increased by 22.5% (up by 0.8% last month).

The inventory of available single-family homes increased by 63 homes this month to 892. This is a 40.3% greater inventory than last January.  The current supply of homes is 5.4 months.  For January of last year, it was 3.9 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes January 2025 Market Report

St Lucie County Townhouses and Condos Sales 2024 Yearly Review

03.08.25 by

St Lucie County Townhouses and Condos Sales 2024 Yearly Review

The St Lucie County Townhouses and Condos Sales for 2024 continues to show weaker sales activity compared to previous years. The real estate market has experienced numerous issues such as prices that rose too rapidly and increasing mortgage and insurance rates. Additionally, condos of three stories or more faced milestone studies for safety and often accompanying assessments. Year-to-year closed sales were down by 9.6% as compared to 2023 which saw a decrease of 10.5% and new sales under contract (new pending sales) decreased by 12.3% (2023 saw a decrease of 5.3%).

Click the image for the full report

Prices were up slightly when compared to last year; however, these prices are not rising as fast as in previous years. The median sales price increased by 1.3% compared to the 8.9% rise last year. The average sales price was up by 2.6% as compared to the 19.1% increase in 2023.

Inventory increased by 37.4% as compared to 2023’s increase of 91.1%. At the same time, the monthly supply of inventory rose to 9.8 months as compared to 6.4 months for 2023.  Saint Lucie County townhouses and condos entered into a buyer’s market after a long stretch of being in a seller’s market.

 To view the full report click on the graphic above or the link below:
St Lucie County Townhouse and Condo Sales for 2024

View previous St Lucie County Yearly Reviews Here!

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit PineappleGroupFL.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.

St Lucie County Townhouses and Condos Sales 2024 Yearly Review

St Lucie County Single Family Home Sales 2024 Yearly Review

03.07.25 by

St Lucie County Single Family Home Sales 2024 Yearly Review

The St Lucie County Single Family Home Sales for 2024 as reported by Florida Realtors continues to show weaker sales activity compared to previous years. The real estate market has experienced numerous issues such as prices that rose too rapidly and increasing mortgage and insurance rates. Year-to-year closed sales were down by 5.2% (were down by 13.5% in 2023) and new sales under contract (new pending sales) decreased by 4.9% (were down by 9.7% in 2023).

St Lucie County Single Family Home Sales 2024 Yearly Review

Both median and average sales prices were up for 2024 by 3.0% and 4.4% respectively.   These numbers were up 2.2% and 1.8% respectively in 2023.

The inventory of available homes for sale increased by 33.4% from 2023 (When there was a 1.6% increase).  While the monthly supply of homes increased to 5.1 months from 3.6 months in 2023.  A seller’s market for Saint Lucie County remains for the time being, but it is approaching a balanced market.

To view the full report click on the graphic above or the link below:
St Lucie County 2024 Single Family Home Sales

View previous St Lucie County Yearly Reviews Here!

To view the complete set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit PineappleGroupFL.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.

St Lucie County Single Family Home Sales 2024 Yearly Review

Martin County Townhouses and Condos Sales 2024 Yearly Review

03.06.25 by

Martin County Townhouses and Condos Sales 2024 Yearly Review

The Martin County Townhouses and Condos Sales for 2024 are showing an adjustment to the real estate market due to prices that rose too rapidly during COVID and increasing mortgage and insurance rates. Additionally, the required milestone reports for buildings three stories or higher and associated assessments have had an impact. The numbers are mixed when compared to the previous year. Year-to-year closed sales were down by 4.1% as compared to 2023 which were down by 5.5% and new sales under contract (new pending sales) decreased by 10.3% (2023 saw a decrease of 1.8%).

Click on the image to view the full report

Both median and average sales prices were down (year to year) by 3.1% and 8.5% respectively (2023 numbers were up 5.4% and 9.9%). This at the same time days on market has increased 44.7%.

Inventory increased by 41.4% as compared to 2023’s increase of 54.3%. And the supply of inventory rose to 7.7 months as compared to 5.2 months for 2023. It is now a buyer’s market for Martin County townhouses and condos.

 To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2024 Yearly Review

Here are the previous Martin County yearly reviews!

To view the latest reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit PineappleGroupFL.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.

Martin County Townhouses and Condos Sales 2024 Yearly Review

Martin County Single Family Home Sales 2024 Yearly Review

03.05.25 by

Martin County Single Family Home Sales 2024 Yearly Review

The Martin County Single Family Home Sales for 2024 as reported by Florida Realtors is showing a small adjustment from a real estate market that experienced prices that rose too rapidly, along with mortgage and insurance rates. The numbers are improving from the previous year, signaling that a turnaround may be underway. Year-to-year closed sales were up by 0.4% (were up by 0.1% in 2023) and new sales under contract (new pending sales) increased by 3.3% (increased by 1.3% in 2023).

Click on the image for the full report

Both median and average sales prices continued to rise (2023 to 2024) by 2.4% and 1.3% respectively.  This rate while positive is not as high as last year which was 3.5% and 2.5% respectively in 2023.

The inventory of available homes for sale rose by 40.5% from 2023.  While the monthly supply of homes increased to 5.1 months. It is still a seller’s market.  Typically a 6-month inventory indicates a balanced market where neither the seller nor the buyer has an advantage.

To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2024 Yearly Review

Click here to view previous Martin County yearly reviews!

To view the complete set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit PineappleGroupFL.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.

Martin County Single Family Home Sales 2024 Yearly Review

St. Lucie County Townhouses and Condos 2024 4th Quarter Report

03.02.25 by

St. Lucie County Townhouses and Condos 2024 4th Quarter Report

Click the image below to view the full details of the St. Lucie County townhouses and condos market report data as reported by St. Lucie County Realtor for the 4th Quarter of 2024.

For the 4th quarter of 2024, the Saint Lucie Count townhouses and condo real estate market showed slowing conditions.. The prices were up for this down, along with total sales volume. The inventory grew for this period. We continue to be in a buyer’s market after a long period of sellers enjoying the advantage.

Click here to view/download the full report

View the entire set of data at PineappleGroupFL.com

Click to view previous St Lucie County quarterly reports

St. Lucie County Townhouses and Condos 2024 4th Quarter Report

St. Lucie County Single Family Homes 2024 4th Quarter Report

03.01.25 by

St. Lucie County Single Family Homes 2024 4th Quarter Report

Click the image below to view the full details of the St. Lucie County single-family market report data as reported by St. Lucie County Realtor.

For the 4th quarter of 2024, the St Lucie County single-family home real estate market had decreased sales volume. Prices also dipped slightly for this quarter. Inventory is continuing to increase but at a slower rate. Interest rates are higher than recent past but not bad historically. For the time being, the Saint Lucie County single-family home market remains in a seller’s market.

Click here to view/download the full report

View the entire set of data at PineappleGroupFL.com

Click to see previous St Lucie County quarterly reports

St. Lucie County Single Family Homes 2024 4th Quarter Report

Martin County Townhouses and Condos 2024 4th Quarter Report

02.28.25 by

Martin County Townhouses and Condos 2024 4th Quarter Report

Click the image below to view the full details of the Martin County Townhouses and Condos Quarterly Report as reported by Florida Realtors.

Martin County Townhouses and Condos 2024 4th Quarter Report

For the Martin County townhouses and condos real estate market total closed sales were up for the quarter. Prices were down for this period while we had continued increasing inventory. Interest rates remain higher than recent past, but are historically still reasonable. I expect sales to remain somewhat sluggish for the short term. We are in a buyer’s market for now.

Click here to view/download the full report

View the entire set of data at PineappleGroupFL.com

See previous Martin County quarterly reports

Martin County Townhouses and Condos 2024 4th Quarter Report

Martin County Single Family Homes 2024 4th Quarter Report

02.27.25 by

Martin County Single Family Homes 2024 4th Quarter Report

Click the image below to view the full details of the Martin County Single Family Homes quarterly data reported by Martin County Realtors.

Martin County Single Family Homes 2024 4th Quarter Report

The Martin County single-family home real estate market continued to show slightly stronger sales activity when compared to last year. Prices were steady for the quarter while the inventory continued to rise. Interest rates remain higher than recent past. I expect sales to remain sluggish for the short term, though we remain in a slight seller’s market for Martin County single-family home sales.

Click here to view/download the full report

View the entire set of data at PineappleGroupFL.com

View previous Martin County quarterly reports

Martin County Single Family Homes 2024 4th Quarter Report

St Lucie County Townhouses and Condos December 2024 Market Report

02.03.25 by

St Lucie County Townhouses and Condos December 2024 Market Report

The St Lucie County Townhouses and Condos real estate market had mixed sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were down by 3.0% from last year (they were down by 36.2% in November). New pending sales were up by 54.5% (they were down by 38.4% last month).

Prices were down for December. The median price decreased by 6.6% from last year (was up by 7% in November) and the average sales price decreased by 19.9% (was down by 5.3% in November).

The available townhouses and condos inventory decreased by two units from last month to 764 residences. This is a 37.4% greater inventory than we had in December 2023. The current inventory supply is 9.8 months, as compared to 6.4 months of inventory last year.  The St Lucie County townhouses and condos real estate market is in a solid buyer’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos December 2024 Market Report

St Lucie County Single Family Homes December 2024 Market Report

02.02.25 by

St Lucie County Single Family Homes December 2024 Market Report

The December 2024 St Lucie County Single Family real estate market showed slightly stronger sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were up by 5.2% for the month compared to the previous year (in November they were down by 16.9%). New sales under contract (new pending sales) were up 8.1% to 348 (remained steady last month).

Prices remained steady in December when compared to last year.  The median sales price was unchanged at $399,900 1.1% (it was down by 1.1% in November).  The average sales price was up slightly by 2.4% (it was down by 5.9% in November). It will be interesting to see full year analysis soon.

The number of available homes for sale increased to 2,293.  This inventory is 33.4% greater than last year. The current supply of homes is 5.1 months (it was 3.6 months for last year).  The St. Lucie County single-family home market remains a sellers’ market, though trending towards a balanced one.  A balanced market is one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click here to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes December 2024 Market Report

Martin County Single Family Homes December 2024 Market Report

02.01.25 by

Martin County Single Family Homes December 2024 Market Report

The Martin County Single Family Homes real estate market had positive sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates, tbut consumer optimism seems to have improved. Closed sales were up 37.5% from last year (they were down in November). At the same time, new pending sales were up by 12.9% compared to last year (which increased by 29.8% last month).

Prices improved for December when compared to last year.  The median sales price increased by 4.5% from last year (down by 7.6% in November) and the average sales price increased by 0.8% (down by 17.7% last month). Full year analysis will reveal the actual trend in prices.

The inventory of available single-family homes increased by 29 homes this month to 829. This is a 40.5% greater inventory than last December.  The current supply of homes is 5.1 months.  For December of last year, it was 3.6 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes December 2024 Market Report

Martin County Townhouses and Condos December 2024 Market Report

02.01.25 by

Martin County Townhouses and Condos December 2024 Market Report

The Martin County Townhouses and Condos real estate market had weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties including high mortgage and insurance rates. Closed sales for the month were down by 9.9%.  They were up by 47.7% in November.  New sales under contract (new pending sales) were down by 21.9%.  They were up by unchanged in November.

Prices dropped in December.  The median sales price decreased by 15.8% (was down by 33.8% last month). And, the average sales price decreased by 10.7% (was down by 29% in November).

The available townhouses and condos inventory increased to 635 properties.  This is a 41.4% greater supply of inventory than we had in December 2024.  Currently, there’s a 7.7-month supply of inventory (compared to 5.2 months for December 2023).  We remain in a balanced market slightly favoring buyers for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos December 2024 Market Report