Martin County Single Family Home Sales 2024 Yearly Review
The Martin County Single Family Home Sales for 2024 as reported by Florida Realtors is showing a small adjustment from a real estate market that experienced prices that rose too rapidly, along with mortgage and insurance rates. The numbers are improving from the previous year, signaling that a turnaround may be underway. Year-to-year closed sales were up by 0.4% (were up by 0.1% in 2023) and new sales under contract (new pending sales) increased by 3.3% (increased by 1.3% in 2023).
Both median and average sales prices continued to rise (2023 to 2024) by 2.4% and 1.3% respectively. This rate while positive is not as high as last year which was 3.5% and 2.5% respectively in 2023.
The inventory of available homes for sale rose by 40.5% from 2023. While the monthly supply of homes increased to 5.1 months. It is 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 2024 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 PineappleGroupFL.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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