Martin County Single Family Homes July 2019 Market Report
The Martin County Single Family Homes July 2019 Market Report showed weaker closed sales activity when compared to last July. new pending sales did rise, which may predict a greater number of closed sales in the coming months. Closed sales were down by 9.2% (were down by 7.1% in June). While new pending sales increased by 7.5% as compared to July 2018 (they decreased by 2.4% in June).
Prices, though, were up for July. The median sales price was up by 3.2% from last year (up by 4.9% in June) while the average sales price increased by 8.1% (was down by 3.9% last month).
The inventory of available single-family homes decreased from last month by 39 homes to 962 units for July, this is a 4.9% greater inventory than last July. The current supply of homes is 4.9 months. For July of last year, it was a 4.6 months supply. We remain 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 July 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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