Martin County Townhouses and Condos June 2023 Market Report
The Martin County Townhouses and Condos real estate market had improved sales activity when compared to last year. The inventory numbers are rising, but we are still facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales for the month were up by 10.1%. They were down by 15.9% in May. New sales under contract (new pending sales) were up by 35.6% from last year. They were down by 19.0% in May.
Prices, also, continued to increase for June. The median sales price increased by 5.5% (was up by 5.2% last month). While the average sales price increased by 8.3% (was up by 0.4% in May).
The available townhouses and condos inventory decreased by 12 units to 287 properties. This is a 53.5% greater supply of inventory than we had in June 2022. Currently, there’s a 3.3 months supply of inventory (compared to 1.8 months for June 2022). We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. 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:
- 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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