Martin County Townhouses and Condos September 2019 Market Report

The Martin County Townhouses and Condos September Market Report had mixed sales activity when compared to last year.  Closed sales for the month were down by 17.8%.  They were up by 1.2% in August.  While new sales under contract (new pending sales) were up by 17.5% from September 2018.  They decreased by 19.6% in August.

Prices were up significantly for September.  The median sales price increased by 16.8% (was down by 11.7% in August) while the average sales price increased by 29.0% (was down by 19.1% in August).

The inventory of available townhouses and condos decreased by 25 units to 335 properties.  This is a 3.2% smaller inventory then we had for in September 2018.  Currently, there’s a 3.7 month supply of inventory (compared to 3.0 months for September 2018).  Remaining in 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.

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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 September 2019 Market Report