Martin County Townhouses and Condos April 2024 Market Report
The Martin County Townhouses and Condos real estate market showed slightly weaker sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties and high mortgage rates. Closed sales for the month were down by 4.2%. They were down by 3.5% in March. New sales under contract (new pending sales) were up 20.4% from last year. They were down by 17.9% in March.
Prices were down for April. The median sales price decreased by 0.8% (was up by 18.0% last month). And, the average sales price decreased by 14.6% (was up by 18.5% in March).
The available townhouses and condos inventory increased by 34 units to 554 properties. This is a 71.0% greater supply of inventory than we had in April 2023. Currently, there’s a 6.4-month supply of inventory (compared to 3.7 months for April 2023). We’ve re-entered a balanced 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.
Please click on the image or link below to download the full Florida single-family real estate market report.
Search for previous Martin County townhouses and condos market reports
Recent County Market Report Posts:
- St. Lucie County Townhouses and Condos 2024 1st Quarter Report
- St. Lucie County Single Family Homes 2024 1st Quarter Report
- Martin County Townhouses and Condos 2024 1st Quarter Report
- Martin County Single Family Homes 2024 1st Quarter Report
- St Lucie County Townhouses and Condos April 2024 Market Report
- St Lucie County Single Family Homes April 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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