Martin County Single Family Homes September 2018 Market Report
The Martin County Single Family Homes September 2018 Market Report reported a very strong month for sales volume when compared to last year as well as the past few months. Closed sales were up by 32.2% (was down by 15.8% in August). While new pending sales increased by 54.3% as compared to September 2017 (Increased by 15.8% in August).
Prices, however, were down for September. The median sales price was down by 6.5% from last year (down by 1.4% in August) while the average sales price decreased by 1.9% (was up by 2.2% last month).
The inventory of available single-family homes decreased from last month by 26 homes to 874 units for September, this is 9.7% less than last September of 2017. The current supply of homes is 4.3 months, for September of last year, it was a 4.7 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 September 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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