Florida Townhouses and Condos February 2021 Market Report

Florida Townhouses and Condos February 2021 Market Report

Florida Townhouses and Condos market is continuing to show strong real estate activity when compared to last year. Closed sales were up by 28.7% as compared to last month’s increase of 24.6%.  New sales under contract (new pending sales) increased by 35.4% (In January there was a 32.0% increase).

Prices were also up for February.  The median sales price was up by 16.6% (was up by 15.0% in January). While the average sales price increased by 30.4% (was up 18.1% in January).

The inventory of active listings decreased by 34.4% from February of last year.  This results in 3.4 months of inventory as compared to 5.4 months for February 2020.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. In conclusion, a very strong market.

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 February 2021 Market Report

Florida Townhouses and Condos January 2021 Market Report

Florida Townhouses and Condos January 2021 Market Report

Florida Townhouses and Condos market is continuing to show strong real estate activity. Closed sales were up by 24.6% as compared to last month’s increase of 27.7%.  New sales under contract (new pending sales) increased by 32.0% (In December there was a 42.6% increase).

Prices were also up for January.  The median sales price was up by 15.0% (was up by 13.7% in December). While the average sales price increased by 18.1% (was up 16.8% in December).

The inventory of active listings decreased by 26.3% from January of last year.  This results in 3.9 months of inventory as compared to 5.3 months for January 2020.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. In conclusion, a very strong market.

Florida Townhouses and Condos January 2021 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 January 2021 Market Report

Florida Townhouses and Condos December 2020 Market Report

Florida Townhouses and Condos December 2020 Market Report

Florida Townhouses and Condos market is continuing to show strong real estate activity. Closed sales were up by 27.7% as compared to last month’s increase of 30.2%.  New sales under contract (new pending sales) increased by 42.6% (In November there was a 22.4% increase).

Prices were also up for December.  The median sales price was up by 13.7% (was up by 16.9% in November). While the average sales price increased by 16.8% (was up 22.0% in November).

The inventory of active listings decreased by 18.3% from December of last year.  This results in 4.2 months of inventory as compared to 5.3 months for December 2019.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. In conclusion, a very strong market.

Florida Townhouses and Condos December 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 December 2020 Market Report

Florida Townhouses and Condos November 2020 Market Report

Florida Townhouses and Condos November 2020 Market Report

Florida Townhouses and Condos market is continuing to show strong real estate activity. Closed sales were up by 30.2% as compared to last month’s increase of 30.3%.  New sales under contract (new pending sales) increased by 22.4% (In October there was a 29.5% increase).

Prices were also up for November.  The median sales price was up by 16.9% (was up by 15.9% in October). While the average sales price increased by 22.0% (was up 15.2% in October).

The inventory of active listings decreased by 14.5% from November of last year.  This results in 4.7 months of inventory as compared to 5.6 months for November 2019.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. In conclusion, a very strong market.

Florida Townhouses and Condos November 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 November 2020 Market Report

Florida Townhouses and Condos October 2020 Market Report

Florida Townhouses and Condos October 2020 Market Report

Florida Townhouses and Condos market is continuing to recover strongly from the effects of the current pandemic. Closed sales were up by 30.3% as compared to last month’s increase of 25.3%.  New sales under contract (new pending sales) increased by 29.5% (In September there was a 43.0% increase).

Prices were also up for October.  The median sales price was up by 15.9% (was up by 12.7% in September). While the average sales price increased by 15.2% (was up 16.4% in September).

The inventory of active listings decreased by 11.8% from October of last year.  This results in 4.9 months of inventory as compared to 5.5 months for October 2019.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. In conclusion, a very strong market.

Florida Townhouses and Condos October 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 October 2020 Market Report