Martin County Townhouses and Condos June 2020 Market Report
The Martin County Townhouses and Condos market is now showing some recovery from the effects of the current pandemic. Closed sales are down for the month, but not as extreme as last month, when compared to last year. Though, the good news is that new pending sales have begun to rise. Closed sales for the month were down by 5.9%. They were down by 38.3% in May. New sales under contract (new pending sales) were up by 38.6% from last month. They were up by 7.5% for May.
Prices, though, were down for June. The median sales price decreased by 6.0% (was up by 3.0% last month). While the average sales price decreased by 9.4% (was up by 25.9% in May).
The inventory of available townhouses and condos decreased by 48 units to 377 properties. This is a 4.3% smaller inventory then we had in June 2019. Currently, there’s a 4.4 months supply of inventory (compared to 4.3 months for June 2019). We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers or 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 March 2024 Market Report
- St Lucie County Single Family Homes March 2024 Market Report
- Martin County Townhouses and Condos March 2024 Market Report
- Martin County Single Family Homes March 2024 Market Report
- St Lucie County Townhouses and Condos February 2024 Market Report
- St Lucie County Single Family Homes February 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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