Martin County Single Family Homes November 2020 Market Report

Martin County Single Family Homes November 2020 Market Report

The Martin County Single Family Homes Market Report continues to show strong activity. Closed sales were up by 38.5% from last month (were up by 34.0% in October).  While new pending sales increased by 43.8% as compared to last month when they increased by 36.9%.

Prices were also up for November.  The median sales price was up from last year by 22.6% (it was up by 9.3% in October) while the average sales price increased by 48.4% (it was up by 28.2% last month).

The inventory of available single-family homes decreased from last month by 9 homes to 498 homes for November. This is 42.4% less inventory than last November.  The current supply of homes is only 2.3 months.  For November of last year, it was a 4.4 months supply.  We remain in an extreme seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers nor sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes November 2020 Market Report

Click here to view the previous Martin County single-family homes market reports

Recent Market Report Posts:

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.

Martin County Single Family Homes November 2020 Market Report

Leave a Reply