Martin County Single Family Homes July 2020 Market Report
The Martin County Single Family Homes Market Report seems to have shaken the negative effects of the current Covid-19 pandemic. Closed sales were up by 42.6% from last month (were up by 3.0% in June). While new pending sales increased by 32.1% as compared to last month when they increased by 57.5%.
Prices were also up for July. The median sales price was up from last year by 6.7% (it was down by 6.5% in June) while the average sales price increased by a whopping 24.6% (it was up by 45.5% last month).
The inventory of available single-family homes decreased from last month by 33 homes to 679 homes for July. This is 29.4% less inventory than last July. The current supply of homes is 3.5 months. For July of last year, it was a 4.9 months supply. We remain in a 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.
Click here to view the previous Martin County single-family homes market reports
Recent 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.
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