Martin County Single Family Homes February 2018 Market Report
The Martin County Single Family Homes February 2018 Market Report had weaker closed sales for the month but an increase in pending sales as compared to last February. Closed sales were down by 8.6% (was up by 11.0% in January). While new pending sales decreased by 11.1% as compared to February 2017 (Decreased by 22.0% in January).
Prices were mixed with the median sales price up by 5.7% from last year (down by 2.4% in January) while the average price decreased by 8.5% (was up by 1.2% last month).
The inventory of available single-family homes increased from last month by 3 homes to 1036 units for January, this is 9.2% less than last February. The current supply of homes is 5.1 months, for February 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 February 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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