Martin County Single Family Homes August 2024 Market Report
The Martin County Single Family Homes real estate market had weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates, though recent moves from the Fed should help, hopefully sooner than later. Closed sales were down by 6.1% from last year (they were up by 4.1% in July). At the same time, new pending sales increased by 13.7% compared to last year (which increased by 2.5% last month).
Prices were mixed for August when compared to last year. The median sales price increased from last year by 0.4% (down by 6.6% in July) while the average sales price decreased by 7.9% (down by 31.0% last month).
The inventory of available single-family homes increased by 9 homes to 713. This is a 54.3% greater inventory than last August. The current supply of homes is 4.4 months. For August of last year, it was 2.9 months of supply. We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market. A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
Click here to view the previous Martin County single-family homes market reports
- Martin County Single Family Homes August 2024 Market Report
- St. Lucie County Townhouses and Condos 2024 2nd Quarter Report
- St. Lucie County Single Family Homes 2024 2nd Quarter Report
- Martin County Townhouses and Condos 2024 2nd Quarter Report
- Martin County Single Family Homes 2024 2nd Quarter Report
- St Lucie County Townhouses and Condos July 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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