Martin County Single Family Homes December 2019 Market Report
The Martin County Single Family Homes December 2019 Market Report had a second consecutive strong month of sales activity when compared to last year. Closed sales were up by 18.3% from last month (were up by 27.0% in November). While new pending sales decreased by 7.0% as compared to December 2018 (they increased by 10.7% in November).
Prices were down for December (2’nd month in a row.) The median sales price was down by 4.3% from last year (it was down by 6.6% in November) while the average sales price decreased by 0.8% (it was down by 0.7% last month).
The inventory of available single-family homes increased from last month by 38 homes to 902 units for December, this is 4.8% less inventory than last December. The current supply of homes is 4.5 months. For December of last year, it was a 4.7 months supply. We remain 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 the previous Martin County single-family homes market reports
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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