Martin County Single Family Home Sales 2022 Yearly Review
The Martin County Single Family Home Sales for 2022 as reported by Florida Realtors is now showing the turnaround the real estate market has experienced with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 30.1% (were up by 5.4% in 2021) and new sales under contract (new pending sales) decreased by 30.3% (was down by 1.9% in 2021).
Both median and average sales prices continued to rise (2021 to 2022) by 17.8% and 7.2% respectively. This rate while positive is not as high as last year which was 19.9% and 35.9% respectively in 2021.
The inventory of available homes for sale rose by 185.1% from 2021. While the monthly supply of homes increased to 3.1 months. Still a seller’s market. Typically a 6-month inventory indicates a balanced market where neither the seller nor the buyer has an advantage.
To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2022 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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