April 2016 Monthly Market Detail Martin County Single Family Homes
The April 2016 Monthly Market Detail Martin County Single Family Homes showed lower closed sales from last years numbers and a continued decrease in inventory. Year to year closed sales were down by 4.3% (was up 3.4% in March). New pending sales decreased by 0.3% as compared to April of 2015 (Decreased by 0.8% in March).
And prices continue to rise as the median sales price was up by 6.7% from last year (up by 17.1% in March) while the average price increased by 22.6% (was up by 15.3% last month). Price increases of this magnitude are probably unsustainable and I don’t anticipate them going up like this for much longer.
The inventory of available single family homes decreased from last month by 60 homes to 1,040 units for this month, this is 1.5% less than last April. Current supply of homes is 5.1 months, for April of last year it was a 5.3 months supply. (This is a 3.8% decrease from last year). Still a sellers market for Martin County single family home sales.
Click here to view or download the full report:
April 2016 Monthly Market Detail Martin County Single Family Homes
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.
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