Martin County Townhouse and Condo Sales 2020 Yearly Review

Martin County Townhouse and Condo Sales 2020 Yearly Review

The Martin County Townhouse and Condo Sales for 2020 showed stronger sales activity when compared to 2019.   Initially, after the pandemic hit, market activity slowed to a near standstill. This was followed by a very strong sellers’ market for the remainder of the year. Year to year closed sales were up by 10.5% as compared to 2019 which were down by 9.6% and new sales under contract (new pending sales) increased by 15.7% (2019 saw a decrease of 8.2%).

Martin County Townhouse and Condo Sales 2020 Yearly Review
Click on the image to view the full report

Both median and average sales prices were up (year to year) by 12.5% and 13.0% respectively (2019 numbers were 6.7% and 8.5%).  Stronger than the increases of the previous year.

Inventory decreased by 25.1% as compared to the 2019’s decrease of 8.8%. And the supply of inventory dropped to 2.9 months as compared to 4.2 months for 2018.  Even a stronger seller’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 2020 Yearly Review

Here are the previous Martin County yearly reviews!

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 Townhouse and Condo Sales 2020 Yearly Review

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