Martin County Townhouses and Condos May 2020 Market Report
The Martin County Townhouses and Condos market is now showing the effects of the current pandemic. Closed sales are down for the month when compared to last year. Though, the good news is that new pending sales have begun to rise. Closed sales for the month were down by 38.3%. They were down by 26.1% in April. New sales under contract (new pending sales) were up by 7.5% from last month. They were down by 38.9% for April.
Prices, though, were up for April. The median sales price increased by 3.0% (was up by 4.8% last month). While the average sales price increased by 25.9% (was up by 9.5% in April).
The inventory of available townhouses and condos increased by 7 units to 425 properties. This is a 1.4% smaller inventory then we had in April 2019. Currently, there’s a 4.9 months supply of inventory (compared to 4.6 months for May 2019). We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers or 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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