Martin County Townhouses and Condos November 2019 Market Report

The Martin County Townhouses and Condos November Market Report had decreased sales activity when compared to last year. Closed sales for the month were down by 7.5%. They were up by 9.8% in October. While new sales under contract (new pending sales) were down by 16.1% from November 2018. They increased by 18.5% in October.

Prices, however, continued to rise for November. The median sales price increased by 12.5% (was up by 16.8% in October) while the average sales price increased by 3.9% (was up by 29.0% in October).

The inventory of available townhouses and condos increased by 3 units to 373 properties. This is a 5.7% larger inventory then we had in November 2018. Currently, there’s a 4.1 months supply of inventory (compared to 3.5 months for November 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.

Martin County Townhouses and Condos November 2019 Market Report

Click here to download the full report

Click here to view past Martin County Townhouses and Condos Market Reports

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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Martin County Townhouses and Condos November 2019 Market Report

Martin County Townhouses and Condos November 2019 Market Report

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