Martin County Townhouses and Condos July 2021 Market Report
The Martin County Townhouses and Condos showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales for the month were up by 8.9%. They were up by 39.6% in June. New sales under contract (new pending sales) were down by 25.0% from last year. They were down by 26.2% in June.
Prices continued to rise in July. The median sales price increased by 17.8% (was up by 18.8% last month). While the average sales price increased by 26.9% (was up by 26.5% in June ).
The inventory of available townhouses and condos decreased by 36 units to 131 properties. This is a 64.0% smaller supply of inventory than we had in July 2020. Currently, there’s a 1.1 months supply of inventory (compared to 4.2 months for July 2020). We remain in a 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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