Martin County Single Family Homes October 2017 Market Report
The Martin County Single Family Homes October 2017 Market Report showed a second month of weaker activity from last year. This decrease may be attributed to Hurricane Irma which shut things down for a couple of weeks in September. Closed sales were down by 5.1% (was down by 20.3% in September). While new pending sales decreased by 11.7% as compared to October of 2016 (Decreased by 40.5% in September).
Prices continued to rise with the median sales price up by 10.2% from last year (up by 12.1% in September) while the average price increased by 21.8% (was up by 3.6% last month).
The inventory of available single family homes increased from last month by 11 homes to 979 units for October, this is 1.1% less than last October. The current supply of homes is 4.8 months, for October of last year it was also 5.0 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 October 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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