Martin County Townhouses and Condos Sales 2021 Yearly Review
The Martin County Townhouses and Condos Sales for 2021 showed stronger sales activity when compared to 2020. Though most of the improved results were during the first half of the year. During the late summer and fall, the market experienced an unprecedented shortage of homes for sale which has negatively affected sales volume. Year to year closed sales were up by 14.3% as compared to 2020 which were up by 10.5% and new sales under contract (new pending sales) increased by 15.1% (2020 saw an increase of 15.7%).
Both median and average sales prices were up (year to year) by 18.3% and 27.1% respectively (2020 numbers were 12.5% and 13.0%). Stronger than the increases of the previous year.
Inventory decreased by 73.4% as compared to 2020’s decrease of 25.1%. And the supply of inventory dropped to 0.7 months as compared to 2.9 months for 2020. 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 2021 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.
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