Martin County Townhouses and Condos July 2018 Market Report

Martin County Townhouses and Condos July 2018 Market Report showed weaker sales activity when compared to July of 2017.  Closed sales for the month were down by 7.0% (were up by 29.5% in June) while new sales under contract (new pending sales) were down by 16.5% from July 2017 (decreased by 15.9 in June).

Prices, however, rose significantly.  The median sales price increased by 27.5% (was up by 0.3% in June) while the average sales price increased by 34.8% (was down by 0.9% in June) as compared to July of 2017.

The inventory of available townhouses and condos decreased by 40 units to 319 properties as compared to last month.  This is 24.0% less inventory then the July 2017 data.  Currently, there’s a 3.1 month supply of inventory (compared to 4.5 months for July 2017).  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 July 2018 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 July 2018 Market Report