Martin County Single Family Homes June 2018 Market Report
The Martin County Single Family Homes June 2018 Market Report had a second month of weaker sales when compared to June 2017. Closed sales were down by 7.3% (was down by 4.0% in May). While new pending sales decreased by 19.6% as compared to June 2017 (Decreased by 17.6% in May).
Prices, however, were up for June. The median sales price was up by 3.4% from last year (up by 1.7% in May) while the average sales price increased by 11.8% (was down by 10.1% last month).
The inventory of available single-family homes decreased from last month by 57 homes to 896 units for June, this is 12.8% less than last June. The current supply of homes is 4.4 months, for June of last year, it was a 5.1 months supply. We’re still 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 June 2018 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