Martin County Single Family Homes May 2018 Market Report
The Martin County Single Family Homes May 2018 Market Report had weaker sales results compared to May 2017. Closed sales were down by 4.0% (was down by 1.9% in April). While new pending sales decreased by 17.6% as compared to May 2017 (Increased by 2.3% in April).
Prices were mixed for May. The median sales price was up by 1.7% from last year (up by 12.5% in April) while the average sales price decreased by 10.1% (was up by 34.9% last month).
The inventory of available single-family homes decreased from last month by 37 homes to 954 units for May, this is 8.1% less than last May. The current supply of homes is 4.7 months, for May of last year, it was a 5.2 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 May 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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