Martin County Single Family Homes February 2019 Market Report
The Martin County Single Family Homes February 2019 Market Report continued with weaker sales activity when compared to last year. Closed sales were down by 0.6% (were down by 18.4% in January). While new pending sales decreased by 6.0% as compared to February 2018 (Increased by 7.3% in January).
Prices were mixed for February. The median sales price was down by 7.9% from last year (up by 10.8% in January) while the average sales price increased by 2.0% (was up by 49.3% last month).
The inventory of available single-family homes increased from last month by 48 homes to 1178 units for February, this is 13.4% greater than last February. The current supply of homes is 5.9 months, for February of last year, it was 5.1 months supply. We’re still in a seller’s market for Martin County single-family home sales, but only barely. 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 2019 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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