Martin County Townhouses and Condos November 2021 Market Report
The Martin County Townhouses and Condos had weaker sales activity than last November. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales for the month were down by 29.6%. They were down by 18.4% in October. New sales under contract (new pending sales) were down by 11.9% from last year. They were down by 12.8% in October.
Prices, however, continued to rise for November. The median sales price increased by 4.3% (was up by 16.5% last month). While the average sales price increased by 38.5% (was up by 15.3% in October).
The inventory of available townhouses and condos increased by 46 units to 151 properties. This is a 47.8% smaller supply of inventory than we had in November 2020. Currently, there’s a 1.3 months supply of inventory (compared to 3.0 months for November 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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