Martin County Single Family Home Sales 2021 Yearly Review
The Martin County Single Family Home Sales for 2021 as reported by Florida Realtors showed slightly stronger sales activity when compared to 2020. Though most of the improved results were during the first half of the year. During the late summer and fall, the market experienced an unprecedented shortage of homes for sale which has negatively affected sales volume. Year to year closed sales were up by 5.4% (were up by 10.5% in 2020) and new sales under contract (new pending sales) decreased by 1.9% (was up by 17.7% in 2020).
Both median and average sales prices continued to rise (2020 to 2021) by 19.9% and 35.9% respectively. This rate while positive is not as high as last year which was 3.4% and 7.8% respectively in 2020.
The inventory of available homes for sale decreased by 64.3% from 2020. While the monthly supply of homes decreased to 0.8 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 2021 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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