Martin County Single Family Homes November 2017 Market Report
The Martin County Single Family Homes November 2017 Market Report showed better activity after two months of weaker results. The weaker activity may have been hurricane related. Closed sales were up by 11.9% (was down by 5.1% in October). While new pending sales decreased by 4.7% as compared to November of 2016 (Decreased by 11.7% in October).
Prices were mixed with the median sales price up by 13.1% from last year (up by 10.2% in October) while the average price decreased by 4.3% (was up by 21.8% last month).
The inventory of available single family homes decreased from last month by 13 homes to 986 units for November, this is 4.1% less than last November. The current supply of homes is 4.8 months, for November of last year it was also 5.2 months supply. Still 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 November 2017 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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