Martin County Single Family Home Sales 2016 Yearly Review
The Martin County Single Family Home Sales 2016 Yearly Review as reported by Florida Realtors showed weaker activity than 2015 for the Martin County single family housing market. Year to year closed sales were down by 4.1% (was up by 12.1% in 2015) and new sales under contract (new pending sales) decreased by 8.1% (was up by 4.2% in 2015).
Both median and average sales prices continued to rise (2015 to 2016) by 4.3% and 0.0% respectively. A much more moderate rate of increase. These values were 4.4% and 15.2% respectively in 2015.
The inventory of available homes for sale increased by 7.4% from 2015. While the months supply of homes increased to 5.0 months. Still a sellers’ market. Typically a 6 month inventory indicates a balanced market where neither the seller or buyer has an advantage.
To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2016 Yearly Review
To view the complete 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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