Martin County Townhouses and Condos August 2017 Market Report
Martin County Townhouses and Condos Market Report for August 2017 showed strong growth when compared to last August. Closed sales for the month were up by 36.7% (were up by 11.1% in July) while new sales under contract (new pending sales) were up by 22.1% from August 2016 (increased by 14.4% in July).
Prices were also up for August as the median sales price decreased by 5.1% (was down by 4.8% in July) while the average sales price increased by 10.6% (was up by 4.9% in July) as compared to August of 2016. Improved results from last month as well as last year.
The inventory of available townhouses and condos decreased by 69 units to 351 properties as compared to last month. This is 6.1% less than the August 2016 inventory. Currently, there’s a 3.7 month supply of inventory (a 2.6% increase from last year which was 3.8 months). Still 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.
Click here to view or download the full report:
Martin County Townhouses and Condos August 2017 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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