Martin County Townhouses and Condos August 2018 Market Report
Martin County Townhouses and Condos August 2018 Market Report showed weaker sales activity when compared to August of 2017. Closed sales for the month were down by 24.1% (was down by 7.0% in July) while new sales under contract (new pending sales) were down by 7.8% from August 2017 (decreased by 16.5 in July).
Prices, however, continue to rise significantly. The median sales price increased by 13.3% (was up by 27.5% in July) while the average sales price increased by 24.0% (was up by 34.8% in July) as compared to August of 2017.
The inventory of available townhouses and condos decreased by 20 units to 299 properties as compared to last month. This is 14.8% less inventory then the August 2017 data. Currently, there’s a 3.0 month supply of inventory (compared to 3.7 months for August 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.
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Martin County Townhouses and Condos August 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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