Martin County Single Family Homes April 2022 Market Report
The Martin County Single Family Homes Market Report showed considerably weaker activity than last April. We remain in a market with unprecedented low inventory and rising borrowing costs that are significantly affecting the real estate market. Closed sales were down by 32.2% from last year (were down by 32.7% in March). While new pending sales decreased by 31.9% as compared to last year (decreased by 27.6% last month).
Prices were mixed for the month of April. The median sales price increased from last year by 26.5% (it was up by 13.5% in March) while the average sales price decreased by 7.3% (it was down by 9.4% last month).
The inventory of available single-family homes increased by 45 homes from last month to 268 homes. This is still 6.0% less inventory than last April. The current supply of homes is 1.3 months. For April of last year, it was 1.2 months of supply. We remain in an extreme seller’s market for Martin County single-family home sales. A balanced market favoring neither buyers nor sellers is considered to be a 6 to 7 month supply of inventory.
Click here to view the previous Martin County single-family homes market reports
- St Lucie County Single Family Homes March 2024 Market Report
- Martin County Townhouses and Condos March 2024 Market Report
- Martin County Single Family Homes March 2024 Market Report
- St Lucie County Townhouses and Condos February 2024 Market Report
- St Lucie County Single Family Homes February 2024 Market Report
- Martin County Townhouses and Condos February 2024 Market Report
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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