Martin County Single Family Homes October 2019 Market Report

The Martin County Single Family Homes October 2019 Market Report showed stronger sales activity when compared to last October.  Closed sales were up by 1.5% from last month (were unchanged in September).  While new pending sales increased by 18.0% as compared to October 2018 (they increased by 8.9% in September).

Prices were mixed for October.  The median sales price was up by 0.9% from last year (up by 18.9% in September) while the average sales price decreased by 2.6% (was up by 24.9% last month).

The inventory of available single-family homes increased from last month by 27 homes to 898 units for October,  this is  9.3% less inventory than last October.  The current supply of homes is 4.6 months.  For October of last year, it was a 4.8 months supply.  We remain 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

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

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.