Martin County Townhouses and Condos February 2018 Market Report

Martin County Townhouses and Condos February 2018 Market Report showed reduced activity when compared to last year.  Closed sales for the month were down by 2.0% (were down by 1.2% in January) while new sales under contract (new pending sales) were down by 5.8% from February 2017 (increased by 21.3 in January).

Prices, however, continued their rise as the median sales price increased by 4.7% (was up by 5.2% in January) while the average sales price increased by  7.0% (was up by 14.0% in January) as compared to February of 2017.

The inventory of available townhouses and condos increased by 21 units to 437 properties as compared to last month.  This is 7.2% less than the February 2017 inventory.  Currently, there’s a 4.4 month supply of inventory (compared to 5.0 months for February 2017).  Remaining in a strong seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Click here to view or download the full report:
Martin County Townhouses and Condos February 2018 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.

Martin County Townhouses and Condos February 2018 Market Report