Martin County Townhouses and Condos October 2017 Market Report

Martin County Townhouses and Condos October 2017 Market Report showed very strong activity for the month.  Closed sales for the month were up by 60.8% (were down by 17.8% in September) while new sales under contract (new pending sales) were up by 45.9% from October 2016 (decreased by 30.1% in September).

Prices, also, were up for October as the median sales price increased by 18.6% (was up by 6.1% in September) while the average sales price increased by 33.6% (was up by 18.9% in September) as compared to October of 2016.  Improved results from last month as well as last year.

The inventory of available townhouses and condos increased by 18 units to 365 properties as compared to last month.  This is 9.0% less than the October 2016 inventory.  Currently, there’s a 3.8 month supply of inventory (compared to 4.2 months for October 2016).  Still 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.

Click here to view or download the full report:
Martin County Townhouses and Condos October 2017 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 October 2017 Market Report