Martin County Single Family Homes July 2017 Market Detail
The Martin County Single Family Homes Market Detail for July 2017 showed continued growth as compared to last July. Closed sales were unchanged (were up by 8.7% in June). New pending sales increased by 22.3% as compared to July of 2016 (Increased by 7.2% in June).
Prices continued to rise with the median sales price up by 10.9% from last year (up by 6.0% in June) while the average price increased by 7.2% (was down by 6.3% last month).
The inventory of available single family homes increased from last month by 40 homes to 1,068 units for July, this is 10.4% greater than last July. The current supply of homes is 5.3 months, for July of last year it was a 4.8 months supply. (This is a 10.4% increase from last year). Still a sellers’ 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 July 2017 Market Detail
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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