Martin County Townhouses and Condos November 2020 Market Report
The Martin County Townhouses and Condos market continues to show strong activity. Closed sales for the month were up by 74.2%. They were up by 38.9% in October. New sales under contract (new pending sales) were up by 49.3% from last month. They were up by 21.9% for October.
Prices were also up for November. The median sales price increased by 20.5% (was up by 10.8% last month). While the average sales price increased by 6.3% (was up by 12.8% in October).
The inventory of available townhouses and condos increased by 3 units to 289 properties. This is a 22.5% smaller inventory than we had in November 2019. Currently, there’s a 3.0 months supply of inventory (compared to 4.1 months for November 2019). 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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