Martin County Single Family Homes March 2022 Market Report
The Martin County Single Family Homes Market Report showed considerably weaker activity than last March. We remain in a market with unprecedented low inventory that is significantly affecting the real estate market. Closed sales were down by 32.7% from last year (were down by 19.8% in February). While new pending sales decreased by 27.6% as compared to last year (decreased by 35.5% last month).
Prices were mixed for the month of March. The median sales price increased from last year by 13.5% (it was up by 24.4% in February) while the average sales price decreased by 9.4% (up by 40.8% last month).
The inventory of available single-family homes increased by 45 homes from last month to 223 homes. This is 34.4% less inventory than last March. The current supply of homes is 1.0 months. For March of last year, it was a 1.5 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.
Click here to view the previous Martin County single-family homes 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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