February 2016 Monthly Market Detail Martin County Single Family Homes
The February 2016 Monthly Market Detail Martin County Single Family Homes showing reduced volume of sales activity for February of 2016. Year to year closed sales were down by 11.8% (was up 6.0% in January). New pending sales decreased by 3.3% as compared to February of 2015 (Decreased by 16% in January).
But prices continue to rise as the median sales price was up by 8.9% from last year (up by 18.2% in January) while the average price increased by 5.1% (was down by 18.2% last month). As long as the inventory remains tight, prices will continue to rise.
The inventory of available single family homes decreased from last month by 113 homes to 1081 units for this month, and this is 5.0% less than last February. Current supply of homes is 5.2 months, for February of last year it was a 5.9 months supply. (This is a 11.9% decrease from last year). Continuing as a sellers market in Martin County. Still a sellers market for Martin County single family home sales.
Click here to view or download the full report:
February 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.
Leave a Reply