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Martin County Townhouses and Condos December 2018 Market Report
Martin County Townhouses and Condos December 2018 Market ReportMartin County Townhouses and Condos December 2018 Market Report had a second month of weaker sales activity when compared to last year.  Closed sales for the month were down by 8.8% (were down by 21.2% in November) while new sales under contract (new pending sales) were down by 13.0% from December 2017 (increased by 2.4% in November).
Prices were mixed for December.  The median sales price increased by 9.3% (was up by 2.5% in November) while the average sales price decreased by 5.7% (was up by 2.2% in November) as compared to December of 2017.
The inventory of available townhouses and condos decreased by 2 units to 351 properties as compared to last month.  This is 11.4% less inventory then the December 2017 data.  Currently, there’s a 3.5 month supply of inventory (compared to 4.0 months for December 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 December 2018 Market Report
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