Martin County Single Family Homes September 2020 Market Report
The Martin County Single Family Homes Market Report continues to show strong activity. The current Covid-19 pandemic is not having any effect other than depressing inventory. Closed sales were up by 27.9% from last month (were up by 24.6% in August). While new pending sales increased by 41.0% as compared to last month when they increased by 24.0%.
Prices were also up for September. The median sales price was up from last year by 4.9% (it was up by 15.2% in August) while the average sales price increased by a whopping 7.4% (it was up by 57.4% last month).
The inventory of available single-family homes decreased from last month by 21 homes to 538 homes for September. This is 38.2% less inventory than last September. The current supply of homes is 2.6 months. For September of last year, it was a 4.5 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 2024 3rd Quarter Report
- St. Lucie County Single Family Homes 2024 3rd Quarter Report
- Martin County Townhouses and Condos 2024 3rd Quarter Report
- Martin County Single Family Homes 2024 3rd Quarter Report
- St Lucie County Townhouses and Condos September 2024 Market Report
- St Lucie County Single Family Homes September 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.
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