Martin County Townhouses and Condos February 2022 Market Report
The Martin County Townhouses and Condos had weaker sales volume when compared to last February. This is quite surprising considering the extremely low inventory of available homes. Closed sales for the month were down by 10.7%. They were up by 23.6% in January. New sales under contract (new pending sales) were down by 25.0% from last year. They were down by 28.7% in January.
Prices continued to rise for February. The median sales price increased by 28.3% (was up by 18.5% last month). While the average sales price increased by 40.9% (was up by 27.4% in January).
The inventory of available townhouses and condos increased by 14 units to 107 properties. This is a 57.5% smaller supply of inventory than we had in February 2021. Currently, there’s a 0.9 months supply of inventory (compared to 2.5 months for February 2022). 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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