Martin County Townhouses and Condos December 2019 Market Report

Martin County Townhouses and Condos December 2019 Market Report

The Martin County Townhouses and Condos December Market Report had slightly better sales activity when compared to last year.  Closed sales for the month were up by 6.0%.  And, they were down by 7.5% in November.  New sales under contract (new pending sales) were unchanged from December 2018.  They increased by 16.1% in November.

Prices, though, continued to rise for December.  The median sales price increased by 9.7% (was up by 12.5% in November). While the average sales price increased by 10.8% (was up by 3.9% in November).

The inventory of available townhouses and condos increased by 9 units to 382 properties.  This is an 8.8% larger inventory then we had in December 2018.  Currently, there’s a 4.2 months supply of inventory (compared to 3.5 months for December 2018).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos December 2019 Market Report

Search for previous Martin County townhouses and condos market reports

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 December 2019 Market Report

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