Florida Townhouses and Condos April 2018 Market Report
The Florida Townhouses and Condos April 2018 Market Report rebounded from last month with stronger market activity when compared to last year. Closed sales were up by 9.2% as compared to last month’s decrease of 1.8% and new sales under contract (new pending sales) increased by 7.4% (In March there was a 3.7% decrease).
Prices, also, continued their upward march for April. Median sales prices were up by 10.5% (was up by 7.0% in March), while the average sales price increased by 9.6% (was up 5.1% in March).
The inventory of active listings decreased by 2.5% from April of last year. For April 2018 we have 5.8 months of inventory (was 5.9 months in March) and compared to 6.1 months for April 2017. We remain 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.
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:
Florida Townhouses and Condos April 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.
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