Martin County Single Family Homes March 2023 Market Report
The Martin County Single Family Homes Market Report had stronger closed activity for the first time in months. But, we are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 12.5% from last year (they were down by 27.1% in February). At the same time, new pending sales increased by 14.4% compared to last year (which increased by 3.6% last month).
Prices were up for March. The median sales price increased from last year by 6.1% (up by 3.3% in February) while the average sales price increased by 26.0% (down by 10.3% last month).
The inventory of available single-family homes decreased by 26 units from last month to 489. This is a 119.3% greater inventory than last March. The current supply of homes is 3.1 months. For March of last year, it was 1.0 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.
Click here to view the previous Martin County single-family homes market reports
- St Lucie County Townhouses and Condos February 2024 Market Report
- St Lucie County Single Family Homes February 2024 Market Report
- Martin County Townhouses and Condos February 2024 Market Report
- Martin County Single Family Homes February 2024 Market Report
- St Lucie County Townhouses and Condos January 2024 Market Report
- St Lucie County Single Family Homes January 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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