Martin County Townhouses and Condos April 2022 Market Report
The Martin County Townhouses and Condos had weaker sales volume when compared to last April. Due mostly because we continue to be in a market with unprecedented low inventory and increasing borrowing costs. Closed sales for the month were down by 24.8%. They were down by 27.6% in March. New sales under contract (new pending sales) were down by 26.3% from last year. They were down by 20.7% in March.
Prices, however, continued to rise for April. The median sales price increased by 22.9% (was up by 23.9% last month). While the average sales price increased by 0.1% (was up by 8.5% in March).
The inventory of available townhouses and condos remained steady at 117 properties. This is a 32.4% smaller supply of inventory than we had in April 2021. Currently, there’s a 1.1 months supply of inventory (compared to 1.6 months for April 2022). We remain in a very extreme seller’s market 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.
Search for previous Martin County townhouses and condos market reports
Recent County Market Report Posts:
- St. Lucie County Townhouses and Condos 2024 3rd Quarter Report
- St. Lucie County Single Family Homes 2024 3rd Quarter Report
- Martin County Townhouses and Condos 2024 3rd Quarter Report
- Martin County Single Family Homes 2024 3rd Quarter Report
- St Lucie County Townhouses and Condos September 2024 Market Report
- St Lucie County Single Family Homes September 2024 Market Report
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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