2017 Q2 Real Estate Market Report – Townhouses and Condos – Martin County, Florida

AUGUST 16TH, 2017 – The townhouse and condo real estate market in Martin County, Florida remained relatively flat in the second quarter of 2017 when compared with the second quarter of 2016. The median sale price remained unchanged at $140,000 and the number of closed sales dipped slightly by 5.2%.

Quarterly Statistics Q2 2017 Q2 2016 % Change YOY
Closed Sales 348 367 -5.2%
Paid in Cash 208 227 -8.4%
Median Sale Price $140,000 $140,000 0.0%
Average Sale Price $179,083 $175,882 1.8%
Dollar Volume $62.3 mil $64.5 mil -3.5%
Median % of Original List Price Received 93.9% 93.9% 0.0%
Median Time to Contract 45 Days 44 Days 2.3%
Median Time to Sale 89 Days 91 Days -2.2%
New Pending Sales 319 336 -5.1%
New Listings 362 388 -6.7%
Pending Inventory 157 160 -1.9%
Inventory (Active Listings) 396 380 4.2%
Months Supply of Inventory 4.3 3.9 10.3%

2nd quarter 2017 real estate graphs townhouse and condos martin county floridaProduced by Florida REALTORS® with data provided by Florida’s multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, August 9, 2017. Historical data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.

If you have a townhouse or condo to sell in Martin County, Florida, feel free to call us anytime.

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