Martin County Single Family Homes November 2018 Market Report
The Martin County Single Family Homes November 2018 Market Report had considerably weaker sales activity when compared to last year. Closed sales were down by 23.0% (were up by 24.1% in October). While new pending sales decreased by 13.1% as compared to November 2017 (Decreased by 14.0% in October).
Prices were mixed for November. The median sales price was up by 11.3% from last year (up by 15.9% in October) while the average sales price decreased by 5.6% (was up by 10.4% last month).
The inventory of available single-family homes decreased from last month by 9 homes to 976 units for November, this is 1.0% less than last November. The current supply of homes is 4.8 months, for November of last year, it was also a 4.8 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 November 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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