Martin County Townhouses and Condos October 2020 Market Report
The Martin County Townhouses and Condos market continues to show strong activity. Closed sales for the month were up by 38.9%. They were up by 37.5% in September. New sales under contract (new pending sales) were up by 21.9% from last month. They were up by 82.4% for September.
Prices were also up for October. The median sales price increased by 10.8% (was up by 24.6% last month). While the average sales price increased by 12.8% (was up by 21.1% in September).
The inventory of available townhouses and condos decreased by 13 units to 286 properties. This is a 22.7% smaller inventory than we had in October 2019. Currently, there’s a 3.0 months supply of inventory (compared to 4.1 months for October 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 February 2024 Market Report
- St Lucie County Single Family Homes February 2024 Market Report
- Martin County Townhouses and Condos February 2024 Market Report
- Martin County Single Family Homes February 2024 Market Report
- St Lucie County Townhouses and Condos January 2024 Market Report
- St Lucie County Single Family Homes January 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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