Florida Townhouses and Condos May 2020 Market Report

Florida Townhouses and Condos May 2020 Market Report

Florida Townhouses and Condos market is now showing the effects of the current pandemic. Both closed and pending sales are down for the month when compared to last year.  Closed sales were down by 50.3% as compared to last month’s decrease of 36.5%.  New sales under contract (new pending sales) decreased by 16.8% (In April there was an 56.6% decrease).

Prices, however, increased for April.  The median sales price was up by 3.3% (was up by 7.7% in April), while the average sales price increased by 1.0% (was up 0.7% in April).

The inventory of active listings decreased by 4.3% from April of last year.  This results in 6.0 months of inventory as compared to 5.9 months for March 2019.  Moving into a balanced market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos May 2020 Market Report

View previous Florida townhouses and condo market reports by clicking this link.

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.

Recent Florida Market Report Posts:

Florida Townhouses and Condos May 2020 Market Report

Florida Townhouses and Condos April 2020 Market Report

Florida Townhouses and Condos April 2020 Market Report

Florida Townhouses and Condos market is now showing the effects of the current pandemic. Both closed and pending sales are down for the month when compared to last year.  Closed sales were down by 36.5% as compared to last month’s increase of 4.7%.  New sales under contract (new pending sales) decreased by 56.6% (In February there was an 35.0% decrease).

Prices, however, increased for April.  The median sales price was up by 7.7% (was up by 10.8% in March), while the average sales price increased by 0.7% (was up 7.2% in March).

The inventory of active listings decreased by 6.9% from April of last year.  This results in 5.7 months of inventory as compared to 6.1 months for March 2019.  Remaining in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

View previous Florida townhouses and condo market reports by clicking this link.

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.

Recent Florida Market Report Posts:

Florida Townhouses and Condos April 2020 Market Report

Martin County Townhouses and Condos 2020 1st Quarter Report

Martin County Townhouses and Condos 2020 1st Quarter Report

Click the image below to view the full details of the Martin County Townhouses and Condos Quarterly Report as reported by Florida Realtors.

Martin County Townhouses and Condos 2020 1st Quarter Report

Both sales volume, as well as prices, showed increases in the first quarter of 2020 when compared to the same period last year.  So, we remain in a positive real estate environment.

To view the full report, click on the image above or this link.

View the entire set of data at GabeSanders.com

Recent Market Report Posts:

Martin County Townhouses and Condos 2020 1st Quarter Report

Florida Townhouses and Condos 2020 1st Quarter Report

Florida Townhouses and Condos 2020 1st Quarter Report

Click the image below to view the Florida Townhouses and Condos 2020 1st Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2020 1st Quarter Report

Both sales volume, as well as prices, showed increases in the 4th quarter of 2019 when compared to the same period last year.  So, we remain in a positive real estate environment.

To view the full report, click on the image above or this link.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Recent Market Report Posts:

Florida Townhouses and Condos 2020 1st Quarter Report

Florida Single Family Homes 2020 1st Quarter Report

Florida Single Family Homes 2020 1st Quarter Report

Click the image below to view the full details of the 2019 3’rd quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2020 1st Quarter Report

For the 1st quarter of 2020 for Florida single-family homes continues to show improved activity when compared to last year.  Both sales and prices had improved results.

To view, the full report click the image above or this link.

View the entire set of data at the GabeSanders.com market data page.

Click here to view the previous Florida quarterly market reports

Recent Market Report Posts:

Florida Single Family Homes 2020 1st Quarter Report