Martin County Single Family Homes May 2019 Market Report
The Martin County Single Family Homes May 2019 Market Report showed improved sales activity when compared to last May but not quite as robust as last month. Closed sales were up by 1.1% (were up by 13.7% in April). While new pending sales increased by 1.8% as compared to May 2018 (they increased by 3.0% in April).
Prices were mixed for May. The median sales price was up by 3.8% from last year (down by 1.4% in April) while the average sales price decreased by 0.2% (was down by 14.5% last month).
The inventory of available single-family homes decreased from last month by 33 homes to 1071 units for May, this is a 12.3% greater inventory than last May. The current supply of homes is 5.4 months. For May of last year, it was a 4.7 months supply. We remain 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 2019 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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