Martin County Townhouses and Condos September 2017 Market Report
Martin County Townhouses and Condos Market Report for September 2017 showed weaker activity from last year. This decrease can most likely be attributed to Hurricane Irma which shut things down for a couple of weeks in September. Closed sales for the month were down by 17.8% (were up by 36.7% in August) while new sales under contract (new pending sales) were down by 30.1% from September 2016 (increased by 22.1% in August).
Prices, however, were up for September as the median sales price increased by 6.1% (was down by 5.1% in August) while the average sales price increased by 18.9% (was up by 10.6% in August) as compared to September of 2016. Improved results from last month as well as last year.
The inventory of available townhouses and condos decreased by 4 units to 347 properties as compared to last month. This is 3.6% less than the September 2016 inventory. Currently, there’s a 3.7 month supply of inventory (unchanged from last year which was also 3.7 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 September 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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