Martin County Townhouses and Condos January 2022 Market Report
The Martin County Townhouses and Condos had stronger sales volume compared to last January. This is quite surprising considering the extremely low inventory of available homes. Closed sales for the month were up by 23.6%. They were down by 1.7% in December. New sales under contract (new pending sales) were down by 28.7% from last year. They were up by 1.1% in December.
Prices continued to rise for January. The median sales price increased by 18.5% (was up by 28.0% last month). While the average sales price increased by 27.4% (was up by 14.1% in December).
The inventory of available townhouses and condos decreased by 50 units to 93 properties. This is a 66.3% smaller supply of inventory than we had in January 2021. Currently, there’s a 0.8 months supply of inventory (compared to 2.7 months for January 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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