Florida Townhouses and Condos December 2018 Market Report

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

Florida Townhouses and Condos December 2018 Market Report

The Florida Townhouses and Condos Market Report for December 2018 had weaker sales activity when compared to last December.  Closed sales were down by 11.4% as compared to last month’s increase of 4.9% and new sales under contract (new pending sales) decreased by 12.6% (In November there was a 9.6% decrease).

Prices, however, continue to rise for December though not as much as they were in the earlier months of the year.  Median sales prices were up by 2.8% (was up by 5.1% in November), while the average sales price increased by 0.8% (was up 7.9% in November).

The inventory of active listings increased by 8.0% from December of last year.  We now have 5.7 months of inventory as compared to 5.6 months for December 2017.  We remain in a seller’s market for Florida townhouse and condo sales, though close to a balanced market.  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 December 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 December 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 December 2018 Market Report

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Topic:
Real Estate Market Trends
Location:
Florida
Groups:
Market Reports
Advice for Sellers
Advice for Buyers
City and State Community & Marketing Reports
2018 Market Reports
Tags:
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florida

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Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Gabe even though listings and sales are down it is good to see the days on the market improving.

Feb 12, 2019 04:47 PM #1
Rainmaker
4,432,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Feb 13, 2019 03:12 AM #2
Rainmaker
5,611,309
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local market reports.

Feb 13, 2019 12:18 PM #3
Rainer
532,275
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Feb 13, 2019 10:38 PM #4
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my website for a complete list of current and past market data.

Mar 05, 2019 05:46 AM #5
Rainmaker
4,798,020
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Please visit this link for additional Saint Lucie County real estate information.

Mar 05, 2019 05:46 AM #6
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Martin County FL real estate.

Mar 05, 2019 05:46 AM #7
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments. It’s always good to hear from you.

Mar 05, 2019 05:46 AM #8
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Gabe Sanders

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