Martin County Single Family Homes July 2024 Market Report
The Martin County Single Family Homes Market Report showed slightly better sales activity when compared to last year. We continue to face economic uncertainties and high mortgage rates. Closed sales were up by 4.1% from last year (they were down by 6.2% in June). At the same time, new pending sales increased by 2.5% compared to last year (which increased by 8.3% last month).
Prices were lower for July when compared to last year. The median sales price decreased from last year by 6.6% (up by 4.4% in June) while the average sales price decreased by 31.0% (up by 22.6% last month).
The inventory of available single-family homes decreased by 23 homes to 704. This is a 48.8% greater inventory than last July. The current supply of homes is 4.3 months. For July of last year, it was 2.9 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 October 2024 Market Report
- St Lucie County Single Family Homes October 2024 Market Report
- Martin County Townhouses and Condos October 2024 Market Report
- Martin County Single Family Homes October 2024 Market Report
- St. Lucie County Townhouses and Condos 2024 3rd Quarter Report
- St. Lucie County Single Family Homes 2024 3rd Quarter 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