Martin County Townhouses and Condos January 2018 Market Report

Martin County Townhouses and Condos January 2018 Market Report showed mixed activity for the first month of 2018.  Closed sales for the month were down by 1.2% (was up by 19.7% in December) while new sales under contract (new pending sales) were up by 21.3% from January 2017 (increased by 1.3% in December).

Prices continued their march higher for January as the median sales price increased by 5.2% (was up by 15.4% in December) while the average sales price increased by 14.0 % (was up by 41.9% in December) as compared to January of 2017.  Improved results from last month as well as last year.

The inventory of available townhouses and condos increased by 20 units to 416 properties as compared to last month.  This is 14.2% less than the January 2017 inventory.  Currently, there’s a 4.2 month supply of inventory (compared to 5.2 months for January 2017).  A strong seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Click here to view or download the full report:
Martin County Townhouses and Condos January 2018 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.

Martin County Townhouses and Condos January 2018 Market Report