Martin County Townhouses and Condos November 2018 Market Report

Martin County Townhouses and Condos November 2018 Market Report is showing signs of a slowdown with weaker closed sales when compared to last year.  Closed sales for the month were down by 21.2%(were unchanged in October) while new sales under contract (new pending sales) were up by 2.4% from November 2017 (decreased by 25.0% in October).

Prices continue to rise but at a slower rate.  The median sales price increased by 2.5% (was up by 4.4% in October) while the average sales price increased by 2.2% (was up by 4.4% in October) as compared to November of 2017.

The inventory of available townhouses and condos increased by 6 units to 353 properties as compared to last month.  This is 9.0% less inventory then the November 2017 data.  Currently, there’s a 3.5 month supply of inventory (compared to 4.0 months for November 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 November 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 November 2018 Market Report