Martin County Single Family Homes December 2024 Market Report
The Martin County Single Family Homes real estate market had positive sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates, tbut consumer optimism seems to have improved. Closed sales were up 37.5% from last year (they were down in November). At the same time, new pending sales were up by 12.9% compared to last year (which increased by 29.8% last month).
Prices improved for December when compared to last year. The median sales price increased by 4.5% from last year (down by 7.6% in November) and the average sales price increased by 0.8% (down by 17.7% last month). Full year analysis will reveal the actual trend in prices.
The inventory of available single-family homes increased by 29 homes this month to 829. This is a 40.5% greater inventory than last December. The current supply of homes is 5.1 months. For December of last year, it was 3.6 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 December 2024 Market Report
- 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
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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