Martin County Townhouses and Condos January 2025 Market Report
The Martin County Townhouses and Condos real estate market had weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties including high mortgage and insurance rates. Closed sales for the month were down by 8.2%. They were down by 9.9% in December. New sales under contract (new pending sales) were down by 21.9%. They were down by 21.9% in December.
Prices dropped in January. The median sales price decreased by 17.3% (was down by 15.8% last month). And, the average sales price decreased by 11.7% (was down by 10.7% in December).
The available townhouses and condos inventory increased to 750 properties. This is a 47.6% greater supply of inventory than we had in January 2024. Currently, there’s a 9.2-month supply of inventory (compared to 5.9 months for January 2024). We remain in a balanced market slightly favoring buyers 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.
Please click on the image or link below to download the full Florida single-family real estate market report.
Search for previous Martin County townhouses and condos market reports
Recent County Market Report Posts:
- Martin County Townhouses and Condos January 2025 Market Report
- Martin County Single Family Homes January 2025 Market Report
- St Lucie County Townhouses and Condos Sales 2024 Yearly Review
- St Lucie County Single Family Home Sales 2024 Yearly Review
- Martin County Townhouses and Condos Sales 2024 Yearly Review
- Martin County Single Family Home Sales 2024 Yearly Review
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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