Martin County Townhouses and Condos February 2021 Market Report
The Martin County Townhouses and Condos market continues to show strong activity when compared to last year. Closed sales for the month were up by 21.2%. They were up by 12.5% in January. New sales under contract (new pending sales) were up by 14.7% from last year. They were up by 41.5% in January.
Prices were also up for February. The median sales price increased by 30.3% (was up by 23.4% last month). While the average sales price increased by 16.0% (was up by 40.3% in January).
The inventory of available townhouses and condos decreased by 8 units to 268 properties. This is a 38.7 % smaller inventory than we had in February 2020. Currently, there’s a 2.5 months supply of inventory (compared to 4.5 months for February 2020). We remain in a 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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