Martin County Single Family Homes May 2017 Market Detail
The Martin County Single Family Homes Market Detail for May 2017 showed continued growth when compared to last May. Closed sales were up by 8.3% (was down by 2.3% in April). New pending sales increased by 24.2% as compared to May of 2016 (Decreased by 18.2% in April).
Prices continued to rise with the median sales price up by 8.3% from last year (up by 2.8% in April) while the average price increased by 35.4% (was up by 0.8% last month).
The inventory of available single family homes decreased from last month by 9 homes to 1,036 units for May, this is still 5.0% greater than last May. The current supply of homes is 5.1 months, for May of last year it was a 4.8 months supply. (This is a 6.3% increase from last year). Still a sellers’ market for Martin County single family home sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.
Click here to view or download the full report:
Martin County Single Family Homes May 2017 Market Detail
To view the latest 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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