Martin County Single Family Home Sales 2018 Yearly Review
The Martin County Single Family Home Sales 2018 Yearly Review as reported by Florida Realtors showed weaker sales activity when compared to 2017 for the Martin County single-family housing market. Year to year closed sales were down by 2.0% (were up by 2.7% in 2017) and new sales under contract (new pending sales) decreased by 7.1% (was down by 0.3% in 2017).
Both median and average sales prices continued to rise (2017 to 2018) by 5.2% and 3.5% respectively. This rate while positive is not as high as last year which was 8.7% and 9.4% respectively in 2017.
The inventory of available homes for sale increased by 2.2% from 2017. While the supply of homes increased to 4.7 months. Still a seller’s 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 2018 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.
Leave a Reply