Martin County Single Family Homes March 2021 Market Report

Martin County Single Family Homes March 2021 Market Report

The Martin County Single Family Homes Market Report shows improved activity when compared to last March. Closed sales were up by 33.8% from last year(were up by 21.8% in February).  While new pending sales increased by 61.3% as compared to last year (increased by 21.1% last month).

Prices were up significantly for March.  The median sales price was up from last year by 30.4% (it was up by 12.9% in February) while the average sales price increased by 70.8% (it was up by 14.4% last month).

The inventory of available single-family homes decreased from last month by 10 homes to 340 homes for March. This is 64.9% less inventory than last March.  The current supply of homes is only 1.5 months.  For March of last year, it was a 4.7 months supply.  We remain in an extreme 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.

Martin County Single Family Homes March 2021 Market Report

Click here to view the previous Martin County single-family homes market reports

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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.

Martin County Single Family Homes March 2021 Market Report

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