Martin County Single Family Homes December 2016 Market Detail
The Martin County Single Family Homes Market Detail for December 2016 showed mixed results for sales volume with an increase in closed sales but a decrease in pending sales. Closed sales were up by 14.7% (was up by 0.6% in November). New pending sales decreased by 21.6% as compared to December of 2015 (Decreased by 4.1% in November).
And, there also was mixed signals for prices with the median sales price increasing by 11.6% from last year (down by 0.7% in November) while the average price decreased by 9.3% (was up by 17.2% last month).
The inventory of available single family homes decreased from last month by 39 homes to 998 units for December, this is 7.4% greater than last December. Current supply of homes is 5.0 months, for December of last year it was a 4.5 months supply. (This is a 11.1% 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 December 2016 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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