Martin County Single Family Homes September 2023 Market Report
The Martin County Single Family Homes Market Report showed weaker closed activity compared to last year. As we continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. The inventory of available homes for sale declined for the second month in a row. Closed sales were down by 10.0% from last year (they were down by 12.3% in August). At the same time, new pending sales increased by 24.2% compared to last year (which decreased by 15.7% last month).
Prices were mixed for September as compared to last year. The median sales price increased from last year by 4.8% (down by 12.9% in August) while the average sales price decreased by 5.3% (down by 7.8% last month).
The inventory of available single-family homes decreased by 1 home to 461. This is a 5.1% smaller inventory than last September. The current supply of homes is 2.9 months. For September of last year, it was 2.7 months of supply. We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market. A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
Click here to view the previous Martin County single-family homes market reports
- Martin County Townhouses and Condos June 2024 Market Report
- Martin County Single Family Homes June 2024 Market Report
- St Lucie County Townhouses and Condos May 2024 Market Report
- St Lucie County Single Family Homes May 2024 Market Report
- Martin County Townhouses and Condos May 2024 Market Report
- Martin County Single Family Homes May 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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