Martin County Townhouses and Condos April 2023 Market Report

The Martin County Townhouses and Condos real estate market had weaker sales activity when compared to last year. The inventory numbers are rising, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales for the month were down by 4.0%.  They were up by 16.5% in March.  New sales under contract (new pending sales) were down by 26.2% from last year.  They were up by 5.1% in March.

Prices continued to increase for April.  The median sales price increased by 17.1% (was up by 1.5% last month). While the average sales price increased by 20.9% (was down by 2.6% in March).

The available townhouses and condos inventory increased by 35 units to 324 properties.  This is a 176.9% greater supply of inventory than we had in April 2022.  Currently, there’s a 3.7 months supply of inventory (compared to 1.1 months for April 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. 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 February 2025 Market ReportMarch 25, 2025
• St Lucie County Single Family Homes February 2025 Market ReportMarch 24, 2025
• Martin County Townhouses and Condos February 2025 Market ReportMarch 23, 2025
• Martin County Single Family Homes February 2025 Market ReportMarch 22, 2025
• St Lucie County Townhouses and Condos January 2025 Market ReportMarch 19, 2025
• St Lucie County Single Family Homes January 2025 Market ReportMarch 18, 2025

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 April 2023 Market Report