Martin County Single Family Homes September 2017 Market Report
The Martin County Single Family Homes Market Report for September 2017 showed weaker activity from last year. This decrease can most likely be attributed to Hurricane Irma which shut things down for a couple of weeks in September. Closed sales were down by 20.3% (was up by 30% in August). While new pending sales decreased by 40.5% as compared to September of 2016 (Decreased by 14.5% in August).
Prices continued to rise with the median sales price up by 12.1% from last year (up by 17.4% in August) while the average price increased by 3.6% (was up by 23.3% last month).
The inventory of available single family homes decreased from last month by 55 homes to 968 units for September, this is 0.3% less than last September. The current supply of homes is 4.7 months, for September of last year it was also 4.9 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 September 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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