Martin County Townhouses and Condos March 2018 Market Report

Martin County Townhouses and Condos March 2018 Market Report showed mixed sales activity when compared to last year.  Closed sales for the month were up by 6.8% (were down by 2.0% in February) while new sales under contract (new pending sales) were down by 16.1% from March 2017 (decreased by 5.8 in February).

Prices, however, continued their rise as the median sales price increased by 3.3% (was up by 4.7% in February) while the average sales price increased by 14.0% (was up by 7.0% in February) as compared to March of 2017.

The inventory of available townhouses and condos increased by 8 units to 445 properties as compared to last month.  This is he same as the March 2017 inventory.  Currently, there’s a 4.5 month supply of inventory (compared to 4.7 months for March 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 March 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 March 2018 Market Report