Martin County Single Family Homes February 2021 Market Report

Martin County Single Family Homes February 2021 Market Report

The Martin County Single Family Homes Market Report shows improved activity when compared to last February. Closed sales were up by 21.8% from last year(were up by 20.8% in January).  While new pending sales increased by 21.1% as compared to last year (increased by 22.5% last month).

Prices were also up for February.  The median sales price was up from last year by 12.9% (it was up by 10.7% in January) while the average sales price increased by 14.4% (it was up by 45.6% last month).

The inventory of available single-family homes decreased from last month by 134 homes to 350 homes for February. This is 62.1% less inventory than last February.  The current supply of homes is only 1.5 months.  For February of last year, it was a 4.6 months supply.  We remain in an extreme seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers nor sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes February 2021 Market Report

Click here to view the previous Martin County single-family homes market reports

Recent Market Report Posts:

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.

Martin County Single Family Homes February 2021 Market Report

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