Martin County Townhouses and Condos February 2025 Market Report
The Martin County Townhouses and Condos real estate market had weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties including high mortgage and insurance rates. Closed sales for the month were down by 24.7%. They were down by 8.2% in January. New sales under contract (new pending sales) were down by 3.9%. They were down by 21.9% in January.
Prices may be turning a corner and leveling out. The median sales price decreased by only 1.5% (was down by 17.3% last month). And, the average sales price increased by 7.1% (was down by 11.7% in January).
The available townhouses and condos inventory increased to 806 properties. This is a 47.1% greater supply of inventory than we had in February 2024. Currently, there’s a 10.1-month supply of inventory (compared to 6.3 months for February 2024). We are now in a market clearly favoring buyers 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.
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Search for previous Martin County townhouses and condos market reports
Recent County Market Report Posts:
- Martin County Townhouses and Condos February 2025 Market Report
- Martin County Single Family Homes February 2025 Market Report
- St Lucie County Townhouses and Condos January 2025 Market Report
- St Lucie County Single Family Homes January 2025 Market Report
- Martin County Townhouses and Condos January 2025 Market Report
- Martin County Single Family Homes January 2025 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.