Martin County Townhouses and Condos February 2020 Market Report
The Martin County Townhouses and Condos showed very strong sales activity after a relatively weak start for the year. Closed sales for the month were up by 21.4%. And, they were down by 11.0% in January. New sales under contract (new pending sales) were up by 31.6% from last month. They were down by 3.6% for January.
Prices also continued to rise for February, though at reduced rates. The median sales price increased by 3.2% (was up by 2.4% in January). While the average sales price increased by 9.3% (was up by 1.0% in January).
The inventory of available townhouses and condos decreased by 10 units to 411 properties. This is a 9.7% smaller inventory then we had in February 2019. Currently, there’s a 4.5 months supply of inventory (compared to 4.7 months for February 2019). 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.
Search for previous Martin County townhouses and condos market reports
Recent County Market Report Posts:
- St Lucie County Townhouses and Condos February 2024 Market Report
- St Lucie County Single Family Homes February 2024 Market Report
- Martin County Townhouses and Condos February 2024 Market Report
- Martin County Single Family Homes February 2024 Market Report
- St Lucie County Townhouses and Condos January 2024 Market Report
- St Lucie County Single Family Homes January 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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