Search Results for: martin county single family market report

Martin County Single Family Homes January 2023 Market Report

02.23.23 by

Martin County Single Family Homes January 2023 Market Report

The Martin County Single Family Homes Market Report continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Closed sales were down by 20.4% from last year (they were down by 37.6% in December). At the same time, new pending sales decreased by 15.6% compared to last year (which decreased by 31.8% last month).

Prices were mixed for the month of January with a considerable drop in the average sales price.  The median sales price increased from last year by 9.7% (down by 3.4% in December) while the average sales price decreased by 36.7% (down by 18.8% last month).

The inventory of available single-family homes increased by 31 units from last month to 530. This is a 248.7% greater inventory than last January.  The current supply of homes is 3.3 months.  For January of last year, it was 0.7 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.

Martin County Single Family Homes January 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes January 2023 Market Report

Martin County Single Family Homes December 2022 Market Report

02.03.23 by

Martin County Single Family Homes December 2022 Market Report

The Martin County Single Family Homes Market Report continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Prices have dropped for the last two months which may be an indication for future increased sales activity. Closed sales were down by 37.6% from last year (they were down by 45.4% in November). At the same time, new pending sales decreased by 31.8% compared to last year (which decreased by 36.7% last month).

Year-to-year prices were down for the month of December.  The median sales price decreased from last year by 3.4% (down by 4.0% in November) while the average sales price decreased by 18.8% (down by 7.0% last month).

The inventory of available single-family homes decreased by 21 units from last month to 499. This is a 185.1% greater inventory than last December.  The current supply of homes is 3.1 months.  For December of last year, it was 0.8 months of supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7 month supply of inventory.

Martin County Single Family Homes December 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes December 2022 Market Report

Martin County Single Family Homes November 2022 Market Report

12.23.22 by

Martin County Single Family Homes November 2022 Market Report

The Martin County Single Family Homes Market Report continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices (though they did go down this month). Closed sales were down by 45.4% from last year (they were down by 36.2% in October). At the same time, new pending sales decreased by 36.7% compared to last year (which decreased by 38.1% last month).

Year-to-year prices were down for the month of November.  The median sales price decreased from last year by 4.0% (up by 14.8% in October) while the average sales price decreased by 7.0% (up by 42.1% last month).

The inventory of available single-family homes decreased by 1 unit from last month to 520. This is a 125.1% greater inventory than last November.  The current supply of homes is 3.1 months.  For November of last year, it was 1.0 months of supply.  We remain in a 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.

Martin County Single Family Homes November 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes November 2022 Market Report

Martin County Single Family Homes October 2022 Market Report

11.22.22 by

Martin County Single Family Homes October 2022 Market Report

The Martin County Single Family Homes Market Report continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales were down by 36.2% from last year (they were down by 15.3% in September). At the same time, new pending sales decreased by 38.1% as compared to last year (decreased by 38.6% last month).

Year-to-year prices were up for the month of October.  The median sales price increased from last year by 14.8% (up by 21.1% in September) while the average sales price increased by 42.1% (up by 18.2% last month).

The inventory of available single-family homes increased by 35 units from last month to 521. This is a 107.6% larger inventory than last October.  The current supply of homes is 2.9 months.  For October of last year, it was 1.0 months of supply.  We remain in a 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.

Martin County Single Family Homes October 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes October 2022 Market Report

Martin County Single Family Homes September 2022 Market Report

10.22.22 by

Martin County Single Family Homes September 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than last September. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 15.3% from last year (they were down by 17.6% in August).  While new pending sales decreased by 38.6% as compared to last year (decreased by 6.8% last month).

Prices were up for the month of September.  The median sales price increased from last year by 21.1% (up by 33.3% in August) while the average sales price increased by 18.2% (down by 0.5% last month).

The inventory of available single-family homes decreased by 4 from last month to 486. This is a 67.6% larger inventory than last September.  The current supply of homes is 2.7 months.  For September of last year, it was 1.2 months of 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.

Martin County Single Family Homes September 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes August 2022 Market Report

Martin County Single Family Homes August 2022 Market Report

09.23.22 by

Martin County Single Family Homes August 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than last August. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 17.6% from last year (were down by 46.9% in July).  While new pending sales decreased by 6.8% as compared to last year (decreased by 25.5% last month).

Prices were mixed for the month of August.  The median sales price increased from last year by 33.3% (it was up by 18.8% in July) while the average sales price decreased by 0.5% (it was up by 19.5% last month).

The inventory of available single-family homes decreased by 3 homes from last month to 490. This is 62.3% larger inventory than last August.  The current supply of homes is 2.6 months.  For August of last year, it was 1.2 months of 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.

Martin County Single Family Homes August 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes August 2022 Market Report

Martin County Single Family Homes July 2022 Market Report

08.23.22 by

Martin County Single Family Homes July 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than last July. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 46.9% from last year (were down by 32.7% in June).  While new pending sales decreased by 25.5% as compared to last year (decreased by 30.6% last month).

Prices were up for the month of July.  The median sales price increased from last year by 18.8% (it was up by 20.4% in June) while the average sales price increased by 19.5% (it was up by 2.4% last month).

The inventory of available single-family homes increased by 64 homes from last month to 493. This is 61.6% larger inventory than last July.  The current supply of homes is 2.6 months.  For July of last year, it was 1.2 months of 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.

Martin County Single Family Homes July 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes July 2022 Market Report

Martin County Single Family Homes June 2022 Market Report

07.22.22 by

Martin County Single Family Homes June 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than last June. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!)  Closed sales were down by 32.7% from last year (were down by 20.9% in May).  While new pending sales decreased by 30.6% as compared to last year (decreased by 27.2% last month).

Prices were up for the month of June.  The median sales price increased from last year by 20.4% (it was up by 24.4% in May) while the average sales price increased by 2.4% (it was down by 0.6% last month).

The inventory of available single-family homes increased by 88 homes from last month to 429. This is 41.1% larger inventory than last June.  The current supply of homes is 2.2 months.  For June of last year, it was 1.2 months of 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.

Martin County Single Family Homes June 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes June 2022 Market Report

Martin County Single Family Homes May 2022 Market Report

06.23.22 by

Martin County Single Family Homes May 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than last May. We remain in a market with low inventory (though that is in the process of changing) and rising borrowing costs that are significantly affecting the real estate market.  Closed sales were down by 20.9% from last year (were down by 32.2% in April).  While new pending sales decreased by 27.2% as compared to last year (decreased by 31.9% last month).

Prices were mixed for the month of May.  The median sales price increased from last year by 24.4% (it was up by 26.5% in April) while the average sales price decreased by 0.6% (it was down by 7.3% last month).

The inventory of available single-family homes increased by 73 homes from last month to 341 homes. This is a 23.6% larger inventory than last May.  The current supply of homes is 1.7 months.  For May of last year, it was 1.2 months of 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.

Martin County Single Family Homes May 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes May 2022 Market Report

Martin County Single Family Homes April 2022 Market Report

05.21.22 by

Martin County Single Family Homes April 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than last April. We remain in a market with unprecedented low inventory and rising borrowing costs that are significantly affecting the real estate market.  Closed sales were down by 32.2% from last year (were down by 32.7% in March).  While new pending sales decreased by 31.9% as compared to last year (decreased by 27.6% last month).

Prices were mixed for the month of April.  The median sales price increased from last year by 26.5% (it was up by 13.5% in March) while the average sales price decreased by 7.3% (it was down by 9.4% last month).

The inventory of available single-family homes increased by 45 homes from last month to 268 homes. This is still 6.0% less inventory than last April.  The current supply of homes is 1.3 months.  For April of last year, it was 1.2 months of 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.

Martin County Single Family Homes April 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes April 2022 Market Report

Martin County Single Family Homes March 2022 Market Report

04.22.22 by

Martin County Single Family Homes March 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than last March. We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  Closed sales were down by 32.7% from last year (were down by 19.8% in February).  While new pending sales decreased by 27.6% as compared to last year (decreased by 35.5% last month).

Prices were mixed for the month of March.  The median sales price increased from last year by 13.5% (it was up by 24.4% in February) while the average sales price decreased by 9.4% (up by 40.8% last month).

The inventory of available single-family homes increased by 45 homes from last month to 223 homes. This is 34.4% less inventory than last March.  The current supply of homes is 1.0 months.  For March of last year, it was a 1.5 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.

Martin County Single Family Homes March 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes March 2022 Market Report

Martin County Single Family Homes February 2022 Market Report

03.20.22 by

Martin County Single Family Homes February 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than last February. We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  Closed sales were down by 19.8% from last year (were down by 18.4% in January).  While new pending sales decreased by 35.5% as compared to last year (decreased by 31.9% last month).

Prices were up for February.  The median sales price increased from last year by 24.4% (it was up by 16.3% in January) while the average sales price increased by 40.8% (up by 42.1% last month).

The inventory of available single-family homes increased by 26 homes from last month to 178 homes. This is 49.1% less inventory than last February.  The current supply of homes is 0.8 months.  For February of last year, it was a 1.5 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.

Martin County Single Family Homes February 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes February 2022 Market Report

Martin County Single Family Homes January 2022 Market Report

02.23.22 by

Martin County Single Family Homes January 2022 Market Report

The Martin County Single Family Homes Market Report showed weaker activity than last January. We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  Closed sales were down by 18.4% from last year (were down by 19.8% in December).  While new pending sales decreased by 31.9% as compared to last year (decreased by 11.8% last month).

Prices were up for January.  The median sales price increased from last year by 16.3% (it was up by 42.4% in December) while the average sales price increased by 42.1% (up by 54.1% last month).

The inventory of available single-family homes decreased by 23 homes from last month to only 152 homes. This is 62.3% less inventory than last January.  The current supply of homes is only 0.7 months.  For January of last year, it was a 1.8 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.

Martin County Single Family Homes January 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes January 2022 Market Report

Martin County Single Family Homes December 2021 Market Report

01.23.22 by

Martin County Single Family Homes December 2021 Market Report

The Martin County Single Family Homes Market Report showed weaker activity than last December. Mostly because of the unprecedented lack of inventory of available homes. Closed sales were down by 19.8% from last year (were down by 19.5% in November).  While new pending sales decreased by 11.8% as compared to last year (decreased by 28.9% last month).

Prices were up sharply for December.  The median sales price increased from last year by 42.4% (it was up by 28.0% in November) while the average sales price increased by 54.1% (up by 10.0% last month).

The inventory of available single-family homes decreased by 56 homes from last month to only 175 homes. This is 64.3% less inventory than last December.  The current supply of homes is only 0.8 months.  For December of last year, it was a 2.2 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.

Martin County Single Family Homes December 2021 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes December 2021 Market Report

Martin County Single Family Homes November 2021 Market Report

12.24.21 by

Martin County Single Family Homes November 2021 Market Report

The Martin County Single Family Homes Market Report showed weaker activity than last November. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales were down by 19.5% from last year (were down by 25.0% in October).  While new pending sales decreased by 28.9% as compared to last year (decreased by 29.2% last month).

Prices, however, continued to rise in November.  The median sales price increased from last year by 28.0% (it was up by 19.2% in October) while the average sales price increased by 10.0% (up by 14.4% last month).

The inventory of available single-family homes decreased by 20 homes from last month to 231 homes. This is 53.6% less inventory than last November.  The current supply of homes is only 1.0 months.  For November of last year, it was a 2.3 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.

Martin County Single Family Homes November 2021 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes November 2021 Market Report

Martin County Single Family Homes October 2021 Market Report

11.24.21 by

Martin County Single Family Homes October 2021 Market Report

The Martin County Single Family Homes Market Report showed weaker activity than last October. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales were down by 25.0% from last year (were down by 25.0% in September).  While new pending sales decreased by 29.2% as compared to last year (decreased by 21.8% last month).

Prices, however, continued to rise in October.  The median sales price increased from last year by 19.2% (it was up by 12.2% in September) while the average sales price increased by 14.4% (up by 21.9% last month).

The inventory of available single-family homes decreased by 39 homes from last month to 251 homes. This is 50.5% less inventory than last October.  The current supply of homes is only 1.0 months.  For October of last year, it was a 2.4 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 download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes October 2021 Market Report

Martin County Single Family Homes September 2021 Market Report

10.26.21 by

Martin County Single Family Homes September 2021 Market Report

The Martin County Single Family Homes Market Report showed weaker activity than last September. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales were down by 25.0% from last year (were down by 8.5% in August).  While new pending sales decreased by 21.8% as compared to last year (decreased by 19.0% last month).

Prices, however, continued to rise in September.  The median sales price increased from last year by 12.2% (it was up by 16.5% in August) while the average sales price increased by 21.9% (up by 29.3% last month).

The inventory of available single-family homes decreased by 12 homes from last month to 290 homes. This is 46.1% less inventory than last September.  The current supply of homes is only 1.2 months.  For September of last year, it was a 2.6 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.

Martin County Single Family Homes September 2021 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes September 2021 Market Report

Martin County Single Family Homes August 2021 Market Report

09.24.21 by

Martin County Single Family Homes August 2021 Market Report

The Martin County Single Family Homes Market Report showed fewer closed and new pending sales when compared to last year. This is most likely a result of the historically low inventory of properties available for sale as well as the recent increase in prices. There appear to be many buyers but not enough available or affordable listings. Closed sales were down by 8.5% from last year (were down by 8.6% in July).  While new pending sales decreased by 19.0% as compared to last year (decreased by 18.4% last month).

Prices continued to rise in August.  The median sales price increased from last year by 16.5% (it was up by 16.7% in July) while the average sales price increased by 29.3% (up by 7.1% last month).

The inventory of available single-family homes decreased by 3 homes from last month to 302 homes. This is 46.0% less inventory than last August.  The current supply of homes is only 1.2 months.  For August of last year, it was a 2.8 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.

Martin County Single Family Homes August 2021 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes August 2021 Market Report

Martin County Single Family Homes July 2021 Market Report

08.25.21 by

Martin County Single Family Homes July 2021 Market Report

The Martin County Single Family Homes Market Report showed fewer closed and new pending sales when compared to last year. This is most likely a result of the historically low inventory of properties available for sale. There appear to be many buyers but not enough available listings. Closed sales were down by 8.6% from last year (were up by 105.3% in June).  While new pending sales decreased by 18.4% as compared to last year (decreased by 40.1% last month).

Prices continued to rise in July.  The median sales price increased from last year by 16.7% (it was up by 19.5% in June) while the average sales price increased by 7.1% (up by 10.3% last month).

The inventory of available single-family homes decreased by 60 homes from last month to 305 homes. This is 54.5% less inventory than last July.  The current supply of homes is only 1.2 months.  For July of last year, it was a 3.4 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.

Martin County Single Family Homes July 2021 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

Recent market reports:

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.

Martin County Single Family Homes July 2021 Market Report

Martin County Single Family Homes June 2021 Market Report

07.26.21 by

Martin County Single Family Homes June 2021 Market Report

The Martin County Single Family Homes Market Report showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 13.2% from last year(were up by 105.3% in May).  While new pending sales decreased by 40.1% as compared to last year (decreased by 20.4% last month).

Prices continued to rise in June.  The median sales price was up from last year by 19.5% (it was up by 28.7% in May) while the average sales price increased by 10.3% (it was up by 84.7% last month).

The inventory of available single-family homes increased by 13 homes from last month to 365 homes. This is 48.7% less inventory than last June.  The current supply of homes is only 1.4 months.  For June of last year, it was a 3.8 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.

Martin County Single Family Homes June 2021 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

Recent market reports:

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.

Martin County Single Family Homes June 2021 Market Report