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|
|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%|
|Inventory (Active Listings)||396||380||4.2%|
|Months Supply of Inventory||4.3||3.9||10.3%|
Produced 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.