Martin County Townhouses and Condos January 2019 Market Report

Martin County Townhouses and Condos January 2019 Market Report had another month of weaker sales activity when compared to last year.  Closed sales for the month were down by 10.0% (were down by 8.8% in December) while new sales under contract (new pending sales) were down by 16.0% from January 2018 (decreased by 13.0% in December).

Prices were up sharply for January.  The median sales price increased by 17.6% (was up by 9.3% in December) while the average sales price increased by 18.4% (was down by 5.7% in December) as compared to January of 2018.

The inventory of available townhouses and condos decreased by 53 units to 404 properties as compared to last month.  This is 2.9% less inventory then the January 2018 data.  Currently, there’s a 4.1 month supply of inventory (compared to 4.2 months for January 2018).  Remaining in a strong seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Click here to view or download the full report:
Martin County Townhouses and Condos January 2019 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.

Martin County Townhouses and Condos January 2019 Market Report