Martin County Single Family Homes October 2018 Market Report
The Martin County Single Family Homes October 2018 Market Report continued with strong closed activity but new pending sales were down. Closed sales were up by 24.1% (was up by 32.2% in September). While new pending sales decreased by 14.0% as compared to October 2017 (Increased by 54.3% in September).
Prices also increased for October. The median sales price was up by 15.9% from last year (down by 6.5% in September) while the average sales price increased by 10.4% (was down by 1.9% last month).
The inventory of available single-family homes increased from last month by 111 homes to 985 units for October, this is 0.6% more than last October of 2017. The current supply of homes is 4.8 months, for October 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 October 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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