Martin County Townhouses and Condos May 2017 Market Detail

Martin County Townhouses and Condos Market Detail for May 2017showed continued growth in sales activity when compared to last May, though at a slow pace.  Closed sales for the month were up by 2.5% (were down by 1.5% in April) while new sales under contract (new pending sales) were up by 1.0% from May 2016 (decreased by 2.6% in April).

Prices rose for May as the median sales price increased by 7.3% (was down by 8.4% in April) while the average sales price increased by 6.4% (was down by 0.2% in April) as compared to May of 2016.  This is a reversal of last months activity.

The inventory of available townhouses and condos decreased by 11 units to 421 properties as compared to last month.  This is 0.7% greater than the May 2016 inventory.  Currently, there’s a 4.5 month supply of inventory (a 7.1% increase from last year which was 4.2 months).  Still a sellers’ 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 May 2017 Market Detail

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 May 2017 Market Detail