Martin County Single Family Homes October 2020 Market Report
The Martin County Single Family Homes Market Report continues to show strong activity. Closed sales were up by 34.0% from last month (were up by 27.9% in September). While new pending sales increased by 36.9% as compared to last month when they increased by 24.0%.
Prices were also up for October. The median sales price was up from last year by 9.3% (it was up by 4.9% in September) while the average sales price increased by a whopping 28.2% (it was up by 7.4% last month).
The inventory of available single-family homes decreased from last month by 31 homes to 507 homes for October. This is 43.5% less inventory than last October. The current supply of homes is only 2.4 months. For October of last year, it was a 4.6 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.
Click here to view the previous Martin County single-family homes market reports
Recent market reports:
- St Lucie County Townhouses and Condos February 2024 Market Report
- St Lucie County Single Family Homes February 2024 Market Report
- Martin County Townhouses and Condos February 2024 Market Report
- Martin County Single Family Homes February 2024 Market Report
- St Lucie County Townhouses and Condos January 2024 Market Report
- St Lucie County Single Family Homes January 2024 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.
Leave a Reply