Florida Townhouses and Condos May 2018 Market Report

Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Florida Townhouses and Condos May 2018 Market Report

The Florida Townhouses and Condos May 2018 Market Report continued with stronger market activity when compared to last year.  Closed sales were up by 4.1% as compared to last month’s increase of 9.2% and new sales under contract (new pending sales) increased by 2.2% (In April there was a 7.4% decrease).

Prices, also, continued their upward April for May.  Median sales prices were up by 6.0% (was up by 10.5% in April), while the average sales price increased by 7.9% (was up 9.6% in April).

The inventory of active listings decreased by 2.0% from May of last year.  For May 2018 we have 5.7 months of inventory (was 5.8 months in April) and compared to 6.0 months for May 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.

Florida Townhouses and Condos May 2018 Market Report

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 May 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.

Florida Townhouses and Condos May 2018 Market Report


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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Thanks for sharing about the Florida market, Gabe. Hope you have had a good week.

Jul 12, 2018 07:13 PM #1
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Gabe Sanders - Strong market activity is a good thing. Buyers and sellers will be in good hands with your expertise.

Jul 12, 2018 09:21 PM #2
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

For sure, buyers and sellers need this information and they better chose you Gabe. 

Jul 12, 2018 10:01 PM #3
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

Jul 13, 2018 08:15 AM #4
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Gabe Sanders

Stuart Florida Real Estate
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