Martin County Single Family Homes September 2024 Market Report
The Martin County Single Family Homes real estate market had a small increase in sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates, though recent moves from the Fed should help, hopefully sooner than later. Closed sales were up by 7.6% from last year (they were down by 6.1% in August). At the same time, new pending sales decreased by 23.8% compared to last year (which increased by 13.7% last month).
Prices were up for September when compared to last year. The median sales price increased from last year by 3.9% (up by 0.4% in August) while the average sales price increased by 22.1% (down by 7.9% last month).
The inventory of available single-family homes increased by 29 homes to 742. This is a 61.0% greater inventory than last September. The current supply of homes is 4.6 months. For September of last year, it was 2.9 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 September 2024 Market Report
- Martin County Single Family Homes September 2024 Market Report
- St Lucie County Townhouses and Condos August 2024 Market Report
- St Lucie County Single Family Homes August 2024 Market Report
- Martin County Townhouses and Condos August 2024 Market Report
- Martin County Single Family Homes August 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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