Martin County Single Family Homes December 2023 Market Report
The Martin County Single Family Homes Market Report showed slower sales activity from last year. We continue to face some economic uncertainties, though mortgage rates appear to have peaked and have started to decline. Closed sales were down by 2.3% from last year (they were up by 24.5% in November). At the same time, new pending sales decreased by 4.9% compared to last year (which increased by 8.8% last month).
Prices were up for December as compared to last year, however not as fast as in previous months. The median sales price increased from last year by 1.8% (up by 12.8% in November) while the average sales price increased by 5.4% (up by 41.8% last month).
The inventory of available single-family homes increased by 5 homes to 590. This is an 18.2% greater inventory than last December. The current supply of homes is 3.6 months. For December of last year, it was 3.1 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
- St Lucie County Townhouses and Condos November 2024 Market Report
- St Lucie County Single Family Homes November 2024 Market Report
- Martin County Townhouses and Condos November 2024 Market Report
- Martin County Single Family Homes November 2024 Market Report
- St Lucie County Townhouses and Condos October 2024 Market Report
- St Lucie County Single Family Homes October 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.
Leave a Reply