Martin County Townhouses and Condos March 2019 Market Report

Martin County Townhouses and Condos March 2019 Market Report resulted in considerably weaker sales activity when compared to last year but better than last month.  Closed sales for the month were down by 19.9% (were down by 27.8% in February) while new sales under contract (new pending sales) were down by 1.5% from March 2018 (decreased by 24.6% in February).

Prices were mixed for the month.  The median sales price decreased by 1.1% (was up by 14.3% in February) while the average sales price increased by 2.3% (was up by 18.4% in February).

The inventory of available townhouses and condos decreased by 4 units to 451 properties as compared to last month.  This is 1.1% greater inventory then the March 2018 data.  Currently, there’s a 4.7 month supply of inventory (compared to 4.5 months for March 2018).  Remaining in a 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 2019 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 2019 Market Report