Martin County Townhouses and Condos December 2021 Market Report
The Martin County Townhouses and Condos had slightly weaker sales volume compared to last December. Mostly because of the low inventory of available homes. Closed sales for the month were down by 1.7%. They were down by 29.6% in November. New sales under contract (new pending sales) were up by 1.1% from last year. They were down by 11.9% in November.
Prices also continued to rise for December. The median sales price increased by 28.0% (was up by 4.3% last month). While the average sales price increased by 14.1% (was up by 38.5% in November).
The inventory of available townhouses and condos decreased by 8 units to 143 properties. This is a 73.4% smaller supply of inventory than we had in December 2020. Currently, there’s a 0.7 months supply of inventory (compared to 2.9 months for December 2020). 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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