Martin County Condos & Townhomes Market Update – July 2026

Martin County Condos & Townhomes Real Estate Statistics – July 2026

Martin County’s condo and townhome market presented an interesting mix in July. The median sale price fell noticeably compared with last year, but at the same time, sales increased, inventory declined, and properties sold considerably faster.

Rather than pointing uniformly in one direction, the numbers show why it’s important to look beyond price alone. The standout trends are an 11% decline in the median sale price alongside a 19% reduction in inventory and a 25% decrease in days on market.

Let’s take a closer look.

Market Breakdown – July 2026 vs. July 2025

Median Sale Price: $230,000

🔻 Down 11% year-over-year

The median sale price fell 11% compared with last July, making price the biggest area of softness in this month’s report.

However, median price can be affected by the mix of properties sold during any particular month, especially in a smaller market like Martin County’s condo and townhome sector. With closed sales rising and inventory falling at the same time, the price decline should be considered alongside the other market indicators rather than viewed in isolation.

Closed Sales: 77 properties

📈 Up 7% year-over-year

More condos and townhomes sold than during the same month last year. This increase indicates that buyers remain active despite the decline in median sale price.

Active Inventory: 514 properties

🔻 Down 19% year-over-year

Buyers had considerably fewer properties to choose from than they did last July. The reduction in active inventory is helping to tighten the condo and townhome market across Martin County.

Pending Sales: 77 contracts

📈 Up 1% year-over-year

Pending sales were essentially unchanged, with a slight increase compared with last year. This points to relatively steady buyer activity heading into the latter part of summer.

Months of Inventory: 5.6 months

🔻 Down 34% year-over-year

This is one of the most significant shifts in July’s statistics. At 5.6 months, the supply of condos and townhomes has fallen dramatically compared with last year and is now around what would generally be considered balanced-market territory.

Buyers still have choices, but substantially fewer than they had a year ago.

Days on Market: 70 days

🔻 Down 25% year-over-year

Condos and townhomes are selling considerably faster than they were last July. A 25% reduction in days on market is particularly noteworthy given the decline in median price and suggests appropriately priced properties are finding buyers more quickly.

New Listings: 85 properties

🔻 Down 1% year-over-year

New listings were essentially flat compared with last year. With overall inventory already down 19%, the current pace of new listings isn’t rebuilding the supply of available properties.

What This Means for You

Buyers

July’s numbers present an interesting opportunity for condo and townhome buyers. The median sale price is substantially lower than it was a year ago, while 5.6 months of inventory means there is still a reasonable selection of properties available.

However, buyers shouldn’t assume that lower median prices mean every seller is heavily negotiable. Properties are selling 25% faster than they did last year, and overall inventory has fallen considerably.

HOA fees, reserves, assessments, insurance, community amenities, and property condition should also be carefully considered when comparing options.

Sellers

The price statistics deserve attention, but the rest of the market provides encouraging signs. Sales have increased, inventory has fallen 19%, and properties are selling considerably faster.

Accurate pricing is especially important in this environment. Sellers who understand recent comparable sales within their specific community and position their property accordingly will be best placed to capture active buyer demand.

Investors

The lower median sale price may create opportunities for investors looking at Martin County’s condo and townhome market, but individual property economics are essential.

Rental restrictions, HOA costs, assessments, insurance, reserves, taxes, and expected rental income should all be evaluated before making an investment decision.

Final Thoughts

Martin County’s July condo and townhome statistics tell a more nuanced story than price alone suggests.

The median sale price fell 11%, but closed sales increased 7%, active inventory declined 19%, and properties sold 25% faster than they did last year. Meanwhile, months of inventory fell by a substantial 34% to 5.6 months.

Taken together, those numbers suggest a market that has become considerably tighter and faster-moving, even while the median price of properties sold has shifted lower.

For buyers, there may be opportunities to find value. For sellers, realistic pricing remains essential. And for both, looking at the conditions within the individual condo or townhome community will provide a much clearer picture than countywide averages alone.

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