Martin County Townhouses and Condos October 2021 Market Report
The Martin County Townhouses and Condos had weaker sales activity than last October. 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 18.4%. They were down by 2.5% in September. New sales under contract (new pending sales) were down by 12.8% from last year. They were down by 17.0% in September.
Prices, however, continued to rise in October. The median sales price increased by 16.5% (was up by 21.3% last month). While the average sales price increased by 15.3% (was up by 35.3% in September).
The inventory of available townhouses and condos decreased by 12 units to 105 properties. This is a 63.3% smaller supply of inventory than we had in October 2020. Currently, there’s a 0.9 months supply of inventory (compared to 3.0 months for October 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 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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