Martin County Single Family Homes August 2017 Market Report
The Martin County Single Family Homes Market Report for August 2017 showed mixed results when compared to last August. Closed sales were up by an impressive 30% (were unchanged in July). While new pending sales decreased by 14.5% as compared to August of 2016 (Increased by 22.3% in July).
Prices continued to rise rapidly with the median sales price up by 17.4% from last year (up by 10.9% in July) while the average price increased by 23.3% (was down by 7.2% last month).
The inventory of available single family homes decreased from last month by 45 homes to 1,023 units for August, this is 4.3% greater than last August. The current supply of homes is 4.9 months, for August of last year it was also 4.9 months supply. (This is unchanged from last year). Still a seller’s 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 August 2017 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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