Martin County Single Family Homes March 2018 Market Report
The Martin County Single Family Homes March 2018 Market Report showed mixed sales reports as compared to last March. Closed sales were up by 0.4% (was down by 8.6% in February). While new pending sales decreased by 7.4% as compared to March 2017 (Decreased by 11.1% in February).
Prices, however, continue to go up though at a more moderate rate. The median sales price up by 3.8% from last year (up by 5.7% in February) while the average price increased by 4.5% (was up by 8.5% last month).
The inventory of available single-family homes increased from last month by 5 homes to 1041 units for March, this is 4.8% less than last March. The current supply of homes is 5.1 months, for March of last year, it was a 5.5 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 March 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.
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