Martin County Single Family Homes August 2018 Market Report
The Martin County Single Family Homes August 2018 Market Report had another month of weaker sales when compared to August 2017. The only positive note was an increase in new pending sales. (But this is still a very active market.) Closed sales were down by 15.8% (was down by 1.4% in July). While new pending sales increased by 8.2% as compared to August 2017 (Decreased by 13.0% in July).
Prices were mixed for August. The median sales price was down by 1.4% from last year (up by 4.2% in July) while the average sales price increased by 2.2% (was down by 4.5% last month).
The inventory of available single-family homes decreased from last month by 17 homes to 900 units for August, this is 12.0% less than last August. The current supply of homes is 4.5 months, for August of last year, it was a 4.9 months supply. We’re still in 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 2018 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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