Martin County September 2015 Market Report
“Florida Realtors® reports a remarkable jump in Martin County’s average home price for the month of September to $437,996, up 40% from the previous year. This surge in pricing can be attributed to the incredible increase in the number of properties that sold for over a million dollars; there were 14 to be exact, which is a 366% increase year-over-year. While our overall pace of sales remained typical for this time of year, our median days on market decreased 43%, leaving us with only a 4.5 months’ supply of inventory. Prospective buyers and sellers may ask, will these trends continue? Only time will tell, but snowfall has already been recorded up North, and local REALTORS® agree that nothing could be more beneficial to Martin County real estate sales than another brutal, northern winter. So, if you’re buying or selling, be sure to enlist one of your local real estate professionals,” said John Slivon, Treasurer of the Realtors® Association of the Palm Beaches (RAPB).
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