Martin County Townhouses and Condos October 2018 Market Report

Martin County Townhouses and Condos October 2018 Market Report rebounded a bit after a bit of a weaker September and somewhat stronger activity when compared to October of 2017.  Closed sales for the month were unchanged (was down by 24.1% in September) while new sales under contract (new pending sales) were down by 25.0% from October 2017 (decreased by 7.8% in September).

Prices, however, continue to rise.  The median sales price increased by 4.4% (was up by 13.3% in September) while the average sales price increased by 4.4% (was up by 24.0% in September) as compared to October of 2017.

The inventory of available townhouses and condos increased by 48 units to 347 properties as compared to last month.  This is 4.9% less inventory then the October 2017 data.  Currently, there’s a 3.4 month supply of inventory (compared to 3.8 months for October 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 October 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 October 2018 Market Report