Florida Townhouses and Condos February 2020 Market Report

Florida Townhouses and Condos February 2020 Market Report

For February 2020, Florida Townhouses and Condos continued the new year with strong sales activity.  Closed sales were up by 10.8% as compared to last month’s increase of 14.5%.  New sales under contract (new pending sales) increased by 13.9% (In January there was an 14.3% increase).

Prices were also up for February.  The median sales price was up by 6.7% (was up by 8.1% in January), while the average sales price increased by 2.6% (was up 7.5% in January).

The inventory of active listings decreased by 13.1% from February of last year.  This results in 5.4 months of inventory as compared to 6.4 months for February 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.

 Florida Townhouses and Condos February 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 February 2020 Market Report

Florida Townhouses and Condos January 2020 Market Report

Florida Townhouses and Condos January 2020 Market Report

For January 2020, Florida Townhouses and Condos began 2020 with strong sales activity.  Closed sales were up by 14.5% as compared to last month’s increase of 17.7%.  New sales under contract (new pending sales) increased by 14.3% (In December there was an 8.3% increase).

Prices were also up for January.  The median sales price was up by 8.1% (was up by 9.6% in December), while the average sales price increased by 7.5% (was up 11.5% in December).

The inventory of active listings decreased by 11.7% from January of last year.  This results in 5.5 months of inventory as compared to 6.3 months for January 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.

Florida Townhouses and Condos January 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 Market Report Posts:

Florida Townhouses and Condos January 2020 Market Report

Florida Townhouses and Condos December 2019 Market Report

Florida Townhouses and Condos December 2019 Market Report

For December 2019, Florida Townhouses and Condos ended 2019 with very strong sales activity.  Closed sales were up by 17.7% as compared to last month’s decrease of 6.3%.  New sales under contract (new pending sales) increased by 8.3% (In November there was an 8.6% increase).

Prices were also up for December.  The median sales price was up by 8.1% (was up by 5.4% in November), while the average sales price increased by 11.5& (was up 1.9% in November).

The inventory of active listings decreased by 9.7% from December of last year.  This results in 5.2 months of inventory as compared to 5.8 months for December 2018.  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.

Florida Townhouses and Condos December 2019 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.

Florida Townhouses and Condos December 2019 Market Report

Recent Posts:

Florida Townhouses and Condos November 2019 Market Report

Florida Townhouses and Condos November 2019 Market Report

For November 2019, Florida Townhouses and Condos had mixed sales results when compared to last November.  Closed sales were down by 6.3% as compared to last month’s decrease of 0.5%.  New sales under contract (new pending sales) increased by 8.6% (In October there was a 4.2% increase).

Prices, though, were up for November.  The median sales price was up by 5.4% (was up by 5.8% in October), while the average sales price increased by 1.9% (was up 2.9% in October).

The inventory of active listings decreased by 7.1% from November of last year.  We now have 5.5 months of inventory as compared to 5.7 months for November 2018.  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.

Florida Townhouses and Condos November 2019 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 Posts:

Florida Townhouses and Condos November 2019 Market Report

Florida Townhouses and Condos October 2019 Market Report

Florida Townhouses and Condos October 2019 Market Report

For October 2019, Florida Townhouses and Condos had mixed sales results when compared to last October.  Closed sales were down by 0.5% as compared to last month’s increase of 6.1%.  New sales under contract (new pending sales) increased by 4.2% (In September there was a 0.4% decrease).

Prices, though, were up for October.  The median sales price was up by 5.8% (was also up by 5.8% in September), while the average sales price increased by 2.9% (was up 1.3% in September).

The inventory of active listings decreased by 3.7% from October of last year.  We now have 5.4 months of inventory as compared to 5.5 months for October 2018.  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.

Florida Townhouses and Condos October 2019 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors:

Click here to view or download the full 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.

Florida Townhouses and Condos October 2019 Market Report