Martin County Townhouses and Condos June 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 39.6%. They were up by 98.6% in May. New sales under contract (new pending sales) were down by 26.2% from last year. They were up by 6.1% in May.
Prices continued to rise in June. The median sales price increased by 18.8% (was up by 31.9% last month). While the average sales price increased by 26.5% (was up by 18.9% in May).
The inventory of available townhouses and condos decreased by 5 units to 167 properties. This is a 55.7% smaller supply of inventory than we had in June 2020. Currently, there’s a 1.4 months supply of inventory (compared to 4.4 months for June 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 February 2024 Market Report
- St Lucie County Single Family Homes February 2024 Market Report
- Martin County Townhouses and Condos February 2024 Market Report
- Martin County Single Family Homes February 2024 Market Report
- St Lucie County Townhouses and Condos January 2024 Market Report
- St Lucie County Single Family Homes January 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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