Florida’s townhouse and condo market posted a 9% year-over-year increase in second-quarter sales, with the strongest gains among properties priced below $200,000 and those selling for $1 million or more. Sales also rose sharply in several metro areas, including Panama City, Punta Gorda, Cape Coral-Fort Myers and Naples.

Florida’s townhouse and condo market gained ground in the second quarter, with the strongest sales growth coming from properties priced below $200,000 and those selling for $1 million or more.

Closed sales of units priced below $200,000 rose 18.4% from a year earlier to 6,205, according to Florida Realtors® data. At the other end of the market, sales of properties priced at $1 million or more jumped 29.5% to 2,195.

The results point to increased activity among two very different groups: buyers searching for lower-priced housing options and those shopping in Florida’s luxury market.

Growth within the million-dollar category extended across every price range. Sales between $1.25 million and $1.49 million rose 33%, while sales from $1.5 million to just under $2 million increased 37.4%. Sales between $2 million and $2.99 million climbed 39.4%.

The highest-priced categories posted even larger percentage gains, although they accounted for fewer transactions. Sales between $5 million and just under $10 million increased 48.8%, while sales of $10 million or more rose 59.3% to 43.

Most of the middle price ranges also improved, but more modestly. Sales rose 3.2% for properties priced between $200,000 and $299,999 and 1.8% in the $300,000 to $399,999 range. The only category to decline was $800,000 to $899,999, where sales fell 3.2%.

Overall, Florida recorded 27,106 townhouse and condo sales during the quarter, up 9% year over year. The statewide median sale price remained unchanged at $310,000.

The sales gains were spread across several parts of the state. Panama City posted the largest percentage increase among Florida metropolitan areas, with townhouse and condo sales rising 40.1%. Sales increased 31.6% in Punta Gorda, 26.9% in Cape Coral-Fort Myers, 26.6% in Sebastian-Vero Beach and 21.3% in Naples.

Those markets cover a wide range of price points. The second-quarter median townhouse and condo price was $255,000 in Punta Gorda, $285,000 in Cape Coral-Fort Myers, $367,000 in Panama City and $465,000 in Naples.