Martin County Single Family Homes January 2018 Market Report
The Martin County Single Family Homes January 2018 Market Report showed mixed results to start the year. Closed sales were up while pending sales (future closed sale) were off. Closed sales were up by 11.0% (was down by 7.2% in December). While new pending sales decreased by 22.0% as compared to January 2017 (Decreased by 23.1% in December).
Prices were mixed with the median sales price down by 2.4% from last year (up by 8.8% in December) while the average price increased by 1.2% (was down by 0.6% last month).
The inventory of available single-family homes increased from last month by 108 homes to 1033 units for December, this is 8.7% less than last January. The current supply of homes is 5.0 months, for January of last year, it was a 5.8 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 January 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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