Martin County Townhouses and Condos March 2021 Market Report
The Martin County Townhouses and Condos market continues to show strong activity when compared to last year. Closed sales for the month were up by 12.6%. They were up by 21.2% in February. New sales under contract (new pending sales) were up by 95.5% from last year. They were up by 14.7% in February.
Prices were also up for March. The median sales price increased by 22.0% (was up by 30.3% last month). While the average sales price increased by 18.5% (was up by 16.0% in February).
The inventory of available townhouses and condos decreased by 57 units to 211 properties. This is a 51.8% smaller inventory than we had in March 2020. Currently, there’s a 2.0 months supply of inventory (compared to 4.7 months for March 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 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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