Martin County Townhouses and Condos May 2021 Market Report
The Martin County Townhouses and Condos showed strong sales activity when compared to last year. Closed sales for the month were up by 98.6%. They were up by 87.5% in April. New sales under contract (new pending sales) were up by 6.1% from last year. They were up by 125.8% in April.
Prices were also up for May. The median sales price increased by 31.9% (was up by 16.5% last month). While the average sales price increased by 18.9% (was up by 36.0% in April).
The inventory of available townhouses and condos decreased by 32 units to 172properties. This is a 59.5% smaller inventory than we had in May 2020. Currently, there’s a 1.5 months supply of inventory (compared to 4.9 months for May 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 March 2024 Market Report
- St Lucie County Single Family Homes March 2024 Market Report
- Martin County Townhouses and Condos March 2024 Market Report
- Martin County Single Family Homes March 2024 Market Report
- St Lucie County Townhouses and Condos February 2024 Market Report
- St Lucie County Single Family Homes February 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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