Martin County Single Family Homes February 2024 Market Report
The Martin County Single Family Homes Market Report showed strong sales activity when compared to last year. Even as we face some economic uncertainties, mortgage rates appear to have peaked and started to decline. Closed sales were up by 34.7% from last year (they were down by 5.3% in January). At the same time, new pending sales increased by 2.5% compared to last year (which increased by 9.0% last month).
Prices were higher for February as compared to last year. The median sales price increased from last year by 20.4% (down by 0.7% in January) while the average sales price increased by 5.9% (up by 56.2% last month).
The inventory of available single-family homes increased by 41 homes to 677. This is a 31.5% greater inventory than last February. The current supply of homes is 4.1 months. For February of last year, it was 3.3 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 March 2024 Market Report
- St Lucie County Single Family Homes March 2024 Market Report
- Martin County Townhouses and Condos March 2024 Market Report
- Martin County Single Family Homes March 2024 Market Report
- St Lucie County Townhouses and Condos February 2024 Market Report
- St Lucie County Single Family Homes February 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