Search Results for: Martin County Townhouses and Condos Market Report

Martin County Townhouses and Condos June 2022 Market Report

Martin County Townhouses and Condos June 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last June. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales for the month were down by 26.1%.  They were down by 19.9% in May.  New sales under contract (new pending sales) were down by 35.4% from last year.  They were down by 27.6% in May.

Prices continue to go up.  The median sales price increased by 48.4% (was up by 27.4% last month). While the average sales price increased by 40.7% (was up by 34.6% in May).

The inventory of available townhouses and condos increased by 49 units to 187 properties.  This is a 46.1% greater supply of inventory than we had in June 2021.  Currently, there’s a 1.8 months supply of inventory (compared to 1.1 months for June 2021).  We remain in a very extreme 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.

Martin County Townhouses and Condos June 2022 Market Report

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Recent County Market Report Posts:

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 June 2022 Market Report

Martin County Townhouses and Condos May 2022 Market Report

Martin County Townhouses and Condos May 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last May. Due mostly because we continue to be in a market with low inventory (which may be changing) and increasing borrowing costs. Closed sales for the month were down by 19.9%.  They were down by 24.8% in April.  New sales under contract (new pending sales) were down by 27.6% from last year.  They were down by 26.3% in April.

Prices continue to go up.  The median sales price increased by 27.4% (was up by 22.9% last month). While the average sales price increased by 34.6% (was up by 0.1% in April).

The inventory of available townhouses and condos increased by 21 units to 138 properties.  This is a 6.2% greater supply of inventory than we had in May 2021.  Currently, there’s a 1.3 months supply of inventory (compared to 1.1 months for May 2022).  We remain in a very extreme 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.

Martin County Townhouses and Condos May 2022 Market Report

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Recent County Market Report Posts:

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 2022 Market Report

Martin County Townhouses and Condos April 2022 Market Report

Martin County Townhouses and Condos April 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last April. Due mostly because we continue to be in a market with unprecedented low inventory and increasing borrowing costs. Closed sales for the month were down by 24.8%.  They were down by 27.6% in March.  New sales under contract (new pending sales) were down by 26.3% from last year.  They were down by 20.7% in March.

Prices, however, continued to rise for April.  The median sales price increased by 22.9% (was up by 23.9% last month). While the average sales price increased by 0.1% (was up by 8.5% in March).

The inventory of available townhouses and condos remained steady at 117 properties.  This is a 32.4% smaller supply of inventory than we had in April 2021.  Currently, there’s a 1.1 months supply of inventory (compared to 1.6 months for April 2022).  We remain in a very extreme 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.

Martin County Townhouses and Condos April 2022 Market Report

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Recent County Market Report Posts:

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 April 2022 Market Report

Martin County Townhouses and Condos March 2022 Market Report

Martin County Townhouses and Condos March 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last March. This is quite surprising considering the extremely low inventory of available homes. Closed sales for the month were down by 27.6%.  They were down by 10.7% in February.  New sales under contract (new pending sales) were down by 20.7% from last year.  They were down by 25.0% in February.

Prices, however, continued to rise for March.  The median sales price increased by 23.9% (was up by 28.3% last month). While the average sales price increased by 8.5% (was up by 40.9% in February).

The inventory of available townhouses and condos increased by 10 units to 117 properties.  This is a 44.5% smaller supply of inventory than we had in March 2021.  Currently, there’s a 1.0 months supply of inventory (compared to 2.0 months for March 2022).  We remain in a very extreme 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.

Martin County Townhouses and Condos March 2022 Market Report

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Recent County Market Report Posts:

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 March 2022 Market Report

Martin County Townhouses and Condos February 2022 Market Report

Martin County Townhouses and Condos February 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last February. This is quite surprising considering the extremely low inventory of available homes. Closed sales for the month were down by 10.7%.  They were up by 23.6% in January.  New sales under contract (new pending sales) were down by 25.0% from last year.  They were down by 28.7% in January.

Prices continued to rise for February.  The median sales price increased by 28.3% (was up by 18.5% last month). While the average sales price increased by 40.9% (was up by 27.4% in January).

The inventory of available townhouses and condos increased by 14 units to 107 properties.  This is a 57.5% smaller supply of inventory than we had in February 2021.  Currently, there’s a 0.9 months supply of inventory (compared to 2.5 months for February 2022).  We remain in a very extreme 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.

Martin County Townhouses and Condos January 2022 Market Report

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Recent County Market Report Posts:

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 February 2022 Market Report

Martin County Townhouses and Condos January 2022 Market Report

Martin County Townhouses and Condos January 2022 Market Report

The Martin County Townhouses and Condos had stronger sales volume compared to last January. This is quite surprising considering the extremely low inventory of available homes. Closed sales for the month were up by 23.6%.  They were down by 1.7% in December.  New sales under contract (new pending sales) were down by 28.7% from last year.  They were up by 1.1% in December.

Prices continued to rise for January.  The median sales price increased by 18.5% (was up by 28.0% last month). While the average sales price increased by 27.4% (was up by 14.1% in December).

The inventory of available townhouses and condos decreased by 50 units to 93 properties.  This is a 66.3% smaller supply of inventory than we had in January 2021.  Currently, there’s a 0.8 months supply of inventory (compared to 2.7 months for January 2022).  We remain in a very extreme 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.

Martin County Townhouses and Condos January 2022 Market Report

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Recent County Market Report Posts:

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 January 2022 Market Report

Martin County Townhouses and Condos December 2021 Market Report

Martin County Townhouses and Condos December 2021 Market Report

The Martin County Townhouses and Condos had slightly weaker sales volume compared to last December. Mostly because of the low inventory of available homes. Closed sales for the month were down by 1.7%.  They were down by 29.6% in November.  New sales under contract (new pending sales) were up by 1.1% from last year.  They were down by 11.9% in November.

Prices also continued to rise for December.  The median sales price increased by 28.0% (was up by 4.3% last month). While the average sales price increased by 14.1% (was up by 38.5% in November).

The inventory of available townhouses and condos decreased by 8 units to 143 properties.  This is a 73.4% smaller supply of inventory than we had in December 2020.  Currently, there’s a 0.7 months supply of inventory (compared to 2.9 months for December 2020).  We remain in a very extreme 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.

Martin County Townhouses and Condos December 2021 Market Report

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Recent County Market Report Posts:

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 December 2021 Market Report

Martin County Townhouses and Condos November 2021 Market Report

Martin County Townhouses and Condos November 2021 Market Report

The Martin County Townhouses and Condos had weaker sales activity than last November. 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 29.6%.  They were down by 18.4% in October.  New sales under contract (new pending sales) were down by 11.9% from last year.  They were down by 12.8% in October.

Prices, however, continued to rise for November.  The median sales price increased by 4.3% (was up by 16.5% last month). While the average sales price increased by 38.5% (was up by 15.3% in October).

The inventory of available townhouses and condos increased by 46 units to 151 properties.  This is a 47.8% smaller supply of inventory than we had in November 2020.  Currently, there’s a 1.3 months supply of inventory (compared to 3.0 months for November 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.

Martin County Townhouses and Condos November 2021 Market Report

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Recent County Market Report Posts:

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 November 2021 Market Report

Martin County Townhouses and Condos October 2021 Market Report

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:

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 October 2021 Market Report

Martin County Townhouses and Condos September 2021 Market Report

Martin County Townhouses and Condos September 2021 Market Report

The Martin County Townhouses and Condos had weaker sales activity than last September. 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 2.5%.  They were down by 2.8% in August.  New sales under contract (new pending sales) were down by 17.0% from last year.  They were up by 6.6% in August.

Prices, however, continued to rise in September.  The median sales price increased by 21.3% (was up by 14.0% last month). While the average sales price increased by 35.3% (was up by 31.4% in August).

The inventory of available townhouses and condos decreased by 18 units to 117 properties.  This is a 60.9% smaller supply of inventory than we had in September 2020.  Currently, there’s a 1.0 month supply of inventory (compared to 3.3 months for September 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.

Martin County Townhouses and Condos September 2021 Market Report

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Recent County Market Report Posts:

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 2021 Market Report

Martin County Townhouses and Condos August 2021 Market Report

Martin County Townhouses and Condos August 2021 Market Report

The Martin County Townhouses and Condos showed less closed sales when compared to last year. New pending sales, however, did show a small improvement. Currently, the inventory is very low and prices are quite high making this a difficult market. Closed sales for the month were down by 2.8%.  They were up by 8.9% in July.  New sales under contract (new pending sales) were up by 6.6% from last year.  They were down by 25.0% in July.

Prices continued to rise in August.  The median sales price increased by 14.0% (was up by 17.8% last month). While the average sales price increased by 31.4% (was up by 26.9% in July).

The inventory of available townhouses and condos increased by 4 units to 135 properties.  This is a 57.5% smaller supply of inventory than we had in August 2020.  Currently, there’s a 1.1 months supply of inventory (compared to 3.6 months for August 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.

Martin County Townhouses and Condos August 2021 Market Report

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Recent County Market Report Posts:

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 August 2021 Market Report

Martin County Townhouses and Condos July 2021 Market Report

Martin County Townhouses and Condos July 2021 Market Report

The Martin County Townhouses and Condos showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales for the month were up by 8.9%.  They were up by 39.6% in June.  New sales under contract (new pending sales) were down by 25.0% from last year.  They were down by 26.2% in June.

Prices continued to rise in July.  The median sales price increased by 17.8% (was up by 18.8% last month). While the average sales price increased by 26.9% (was up by 26.5% in June ).

The inventory of available townhouses and condos decreased by 36 units to 131 properties.  This is a 64.0% smaller supply of inventory than we had in July 2020.  Currently, there’s a 1.1 months supply of inventory (compared to 4.2 months for July 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.

Martin County Townhouses and Condos July 2021 Market Report

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Recent County Market Report Posts:

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 July 2021 Market Report

Martin County Townhouses and Condos June 2021 Market Report

Martin County Townhouses and Condos June 2021 Market Report

The Martin County Townhouses and Condos showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales for the month were up by 39.6%.  They were up by 98.6% in May.  New sales under contract (new pending sales) were down by 26.2% from last year.  They were up by 6.1% in May.

Prices continued to rise in June.  The median sales price increased by 18.8% (was up by 31.9% last month). While the average sales price increased by 26.5% (was up by 18.9% in May).

The inventory of available townhouses and condos decreased by 5 units to 167 properties.  This is a 55.7% smaller supply of inventory than we had in June 2020.  Currently, there’s a 1.4 months supply of inventory (compared to 4.4 months for June 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.

Martin County Townhouses and Condos June 2021 Market Report

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Recent County Market Report Posts:

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 June 2021 Market Report

Martin County Townhouses and Condos May 2021 Market Report

Martin County Townhouses and Condos May 2021 Market Report

The Martin County Townhouses and Condos showed strong sales activity when compared to last year. Closed sales for the month were up by 98.6%.  They were up by 87.5% in April.  New sales under contract (new pending sales) were up by 6.1% from last year.  They were up by 125.8% in April.

Prices were also up for May.  The median sales price increased by 31.9% (was up by 16.5% last month). While the average sales price increased by 18.9% (was up by 36.0% in April).

The inventory of available townhouses and condos decreased by 32 units to 172properties.  This is a 59.5% smaller inventory than we had in May 2020.  Currently, there’s a 1.5 months supply of inventory (compared to 4.9 months for May 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.

Martin County Townhouses and Condos May 2021 Market Report

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Recent County Market Report Posts:

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 2021 Market Report

Martin County Townhouses and Condos April 2021 Market Report

Martin County Townhouses and Condos April 2021 Market Report

The Martin County Townhouses and Condos market resulted in very strong activity when compared to last year. Closed sales for the month were up by 87.5%.  They were up by 12.6% in March.  New sales under contract (new pending sales) were up by 125.8% from last year.  They were up by 95.5% in March.

Prices were also up for April.  The median sales price increased by 16.5% (was up by 22.0% last month). While the average sales price increased by 36.0% (was up by 18.5% in March).

The inventory of available townhouses and condos decreased by 7 units to 204 properties.  This is a 51.2% smaller inventory than we had in April 2020.  Currently, there’s a 1.9 months supply of inventory (compared to 4.6 months for April 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.

Martin County Townhouses and Condos April 2021 Market Report

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Recent County Market Report Posts:

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 April 2021 Market Report

Martin County Townhouses and Condos March 2021 Market Report

Martin County Townhouses and Condos March 2021 Market Report

The Martin County Townhouses and Condos market continues to show strong activity when compared to last year. Closed sales for the month were up by 12.6%.  They were up by 21.2% in February.  New sales under contract (new pending sales) were up by 95.5% from last year.  They were up by 14.7% in February.

Prices were also up for March.  The median sales price increased by 22.0% (was up by 30.3% last month). While the average sales price increased by 18.5% (was up by 16.0% in February).

The inventory of available townhouses and condos decreased by 57 units to 211 properties.  This is a 51.8% smaller inventory than we had in March 2020.  Currently, there’s a 2.0 months supply of inventory (compared to 4.7 months for March 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.

Martin County Townhouses and Condos March 2021 Market Report

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Recent County Market Report Posts:

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 March 2021 Market Report

Martin County Townhouses and Condos February 2021 Market Report

Martin County Townhouses and Condos February 2021 Market Report

The Martin County Townhouses and Condos market continues to show strong activity when compared to last year. Closed sales for the month were up by 21.2%.  They were up by 12.5% in January.  New sales under contract (new pending sales) were up by 14.7% from last year.  They were up by 41.5% in January.

Prices were also up for February.  The median sales price increased by 30.3% (was up by 23.4% last month). While the average sales price increased by 16.0% (was up by 40.3% in January).

The inventory of available townhouses and condos decreased by 8 units to 268 properties.  This is a 38.7 % smaller inventory than we had in February 2020.  Currently, there’s a 2.5 months supply of inventory (compared to 4.5 months for February 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.

Martin County Townhouses and Condos February 2021 Market Report

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Recent County Market Report Posts:

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 February 2021 Market Report

Martin County Townhouses and Condos January 2021 Market Report

Martin County Townhouses and Condos January 2021 Market Report

The Martin County Townhouses and Condos market continues to show vibrant activity. Closed sales for the month were up by 12.5%.  They were up by 30.7% in December.  New sales under contract (new pending sales) were up by 41.5% from last year.  They were up by 35.8% in December.

Prices were also up for January.  The median sales price increased by 23.4% (was up by 18.1% last month). While the average sales price increased by 40.3% (was up by 18.0% in December).

The inventory of available townhouses and condos decreased by 10 units to 276 properties.  This is a 34.4% smaller inventory than we had in January 2020.  Currently, there’s a 2.7 months supply of inventory (compared to 4.7 months for January 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.

Martin County Townhouses and Condos January 2021 Market Report

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Recent County Market Report Posts:

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 January 2021 Market Report

Martin County Townhouses and Condos December 2020 Market Report

Martin County Townhouses and Condos December 2020 Market Report

The Martin County Townhouses and Condos market continues to show strong activity. Closed sales for the month were up by 30.7%.  They were up by 74.2% in November.  New sales under contract (new pending sales) were up by 35.8% from last month.  They were up by 49.3% for November.

Prices were also up for December.  The median sales price increased by 18.1% (was up by 20.5% last month). While the average sales price increased by 18.0% (was up by 6.3% in November).

The inventory of available townhouses and condos decreased by 3 units to 286 properties.  This is a 25.1% smaller inventory than we had in December 2019.  Currently, there’s a 2.9 months supply of inventory (compared to 4.2 months for December 2019).  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.

Martin County Townhouses and Condos December 2020 Market Report

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Recent County Market Report Posts:

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 December 2020 Market Report

Martin County Townhouses and Condos November 2020 Market Report

Martin County Townhouses and Condos November 2020 Market Report

The Martin County Townhouses and Condos market continues to show strong activity. Closed sales for the month were up by 74.2%.  They were up by 38.9% in October.  New sales under contract (new pending sales) were up by 49.3% from last month.  They were up by 21.9% for October.

Prices were also up for November.  The median sales price increased by 20.5% (was up by 10.8% last month). While the average sales price increased by 6.3% (was up by 12.8% in October).

The inventory of available townhouses and condos increased by 3 units to 289 properties.  This is a 22.5% smaller inventory than we had in November 2019.  Currently, there’s a 3.0 months supply of inventory (compared to 4.1 months for November 2019).  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.

Martin County Townhouses and Condos November 2020 Market Report

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Recent County Market Report Posts:

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 November 2020 Market Report