Martin County Single Family Home Sales 2020 Yearly Review

Martin County Single Family Home Sales 2020 Yearly Review

The Martin County Single Family Home Sales for 2020 as reported by Florida Realtors showed stronger sales activity when compared to 2019.  Initially, after the pandemic hit, market activity slowed to a near standstill. This was followed by a very strong sellers’ market for the remainder of the year. Year to year closed sales were up by 10.5% (were down by 0.2% in 2019) and new sales under contract (new pending sales) increased by 17.7% (was up by 2.6% in 2019).

Martin County Single Family Home Sales 2020 Yearly Review
Click on the image for the full report

Both median and average sales prices continued to rise (2019 to 2020) by 3.4% and 7.8% respectively.  This rate while positive is not as high as last year which was 3.1% and 1.1% respectively in 2019.

The inventory of available homes for sale decreased by 45.7% from 2019.  While the monthly supply of homes decreased to 2.2 months. A very strong seller’s market.  Typically a 6-month inventory indicates a balanced market where neither the seller nor buyer has an advantage.

To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2020 Yearly Review

Click here to view previous Martin County yearly reviews!

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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Martin County Single Family Home Sales 2020 Yearly Review

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