Real Estate in and around Stuart Florida
Click the image below to view the full details of the Martin County single family homes market report data as reported by Martin County Realtor for the 2’nd quarter of 2016.
View the entire set of data at GabeSanders.com
The June 2016 Monthly Market Detail Martin County Single Family Homes showed a marked decrease from lasy years activity, yet still a strong and active market. Closed sales were down by 10.0% (was down by 2.8% in May). New pending sales decreased by 17.5% as compared to June of 2015 (Decreased by 14.7% in May).
Prices, however, continued their rise as the median sales price was up by 15.9% from last year (up by 15.8% in May) while the average price increased by 9.2% (was down by 3% last month). I expect that prices will moderate to a much smaller rate of increase in the coming year.
The inventory of available single family homes decreased from last month by 66 homes to 988 units for this month, this is 8.8% greater than last June. Current supply of homes is 4.9 months, for June of last year it was a 4.4 months supply. (This is a 11.4% increase from last year). Still a sellers market for Martin County single family home sales.
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June 2016 Monthly Market Detail Martin County Single Family Homes
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.
The May 2016 Monthly Market Detail Martin County Single Family Homes had reduced closed and pending volume when compared to last year. Closed sales were down by 2.8% (was down by 4.3% in April). New pending sales decreased by 14.7% as compared to May of 2015 (Decreased by 0.3% in April).
Mixed signals with prices as the median sales price was up by 15.8% from last year (up by 6.7% in April) while the average price decreased by 3% (was up by 22.6% last month). I expect that prices will moderate to a much smaller rate of increase in the coming year.
The inventory of available single family homes increased from last month by 14 homes to 1,054 units for this month, this is 6.8% greater than last May. Current supply of homes is 5.1 months, for May of last year it was a 4.9 months supply. (This is a 4.1% increase from last year). Still a sellers market for Martin County single family home sales.
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May 2016 Monthly Market Detail Martin County Single Family Homes
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.
The April 2016 Monthly Market Detail Martin County Single Family Homes showed lower closed sales from last years numbers and a continued decrease in inventory. Year to year closed sales were down by 4.3% (was up 3.4% in March). New pending sales decreased by 0.3% as compared to April of 2015 (Decreased by 0.8% in March).
And prices continue to rise as the median sales price was up by 6.7% from last year (up by 17.1% in March) while the average price increased by 22.6% (was up by 15.3% last month). Price increases of this magnitude are probably unsustainable and I don’t anticipate them going up like this for much longer.
The inventory of available single family homes decreased from last month by 60 homes to 1,040 units for this month, this is 1.5% less than last April. Current supply of homes is 5.1 months, for April of last year it was a 5.3 months supply. (This is a 3.8% decrease from last year). Still a sellers market for Martin County single family home sales.
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April 2016 Monthly Market Detail Martin County Single Family Homes
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.
The March 2016 Monthly Market Detail Martin County Single Family Homes continues as a sellers market though sales volume is not growing as robustly as last year but improved from February. Year to year closed sales were up by 3.4% (was down 11.8% in February). New pending sales decreased by 0.8% as compared to March of 2015 (Decreased by 3.3% in February).
And prices continue to rise as the median sales price was up by 17.1% from last year (up by 8.9% in February) while the average price increased by 15.3% (was down by 5.1% last month). As long as the inventory remains tight, prices will continue to rise.
The inventory of available single family homes increased slightly from last month by 19 homes to 1100 units for this month, this is 1.0% less than last March. Current supply of homes is 5.3 months, for March of last year it was a 5.6 months supply. (This is a 5.4% decrease from last year). Still a sellers market for Martin County single family home sales.
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March 2016 Monthly Market Detail Martin County Single Family Homes
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.
The February 2016 Monthly Market Detail Martin County Single Family Homes showing reduced volume of sales activity for February of 2016. Year to year closed sales were down by 11.8% (was up 6.0% in January). New pending sales decreased by 3.3% as compared to February of 2015 (Decreased by 16% in January).
But prices continue to rise as the median sales price was up by 8.9% from last year (up by 18.2% in January) while the average price increased by 5.1% (was down by 18.2% last month). As long as the inventory remains tight, prices will continue to rise.
The inventory of available single family homes decreased from last month by 113 homes to 1081 units for this month, and this is 5.0% less than last February. Current supply of homes is 5.2 months, for February of last year it was a 5.9 months supply. (This is a 11.9% decrease from last year). Continuing as a sellers market in Martin County. Still a sellers market for Martin County single family home sales.
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February 2016 Monthly Market Detail Martin County Single Family Homes
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.
The January 2016 Monthly Market Detail Martin County Single Family Homes started 2016 with mixed results as compared to last year. Year to year closed sales were up by 6.0% (was down 9.6% in December). New pending sales decreased by 16% as compared to January of 2015 (Decreased by 10.6% in December).
The median sales price was up by 18.2% from last year (up by 5.3% in December) while the average price decreased by 18.2% (was up by 18.4% last month). I’m not sure how they came up with these results.
The inventory of available single family homes increased from last month by 53 homes to 1194 units this month, and this inventory is 9.1% less than last January. Current supply of homes is 5.1 months, for January of last year it was a 6.2 months supply. (This is a 18.5% decrease from last year). Continuing as a sellers market in Martin County. Though, the recent reduced rate of closed sales and an increasing inventory may soon have us back into a balanced market.
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January 2016 Monthly Market Detail Martin County Single Family Homes
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.
The December 2015 Monthly Market Detail Martin County Single Family Homes ended the year with weaker sales volume than last year, while prices continue to rise. Year to year closed sales were down by 9.6% (was up 6.5% in November). New pending sales decreased by 10.6% as compared to December of 2014 (Increased by 4.9% in November).
Prices continue their upward march. The median sales price was up by 5.3% from last year (up by 13.0% in November) while the average price increased by 18.4% (was up by 30.6% last month). A little slower rate of appreciation as compared to last month, but still very strong growth in values.
The inventory of available single family homes increased from last month by 12 homes to 1141 units this month, and this inventory is 11.2% less than last December. Current supply of homes is 4.9 months, for November of this year it was a 4.8 months supply. (This is a 21.0% decrease from last year). Continuing as a strong sellers market. The reduced inventory is the current cause of the slower sales volume. Hopefully, with the increase in values there will be some increasing inventory in the months ahead.
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December 2015 Monthly Market Detail Martin County Single Family Homes
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.
The November 2015 Monthly Market Detail Martin County Single Family Homes continues to show improvement both annually and monthly. Year to year closed sales were up by 6.5% (was up 13.4% in October). New pending sales increased by 4.9% as compared to November of 2014 (decreased by 19% in October).
Prices continue their upward march. The median sales price was up by 13.0% from last year (up by 15.6% in October) while the average price increased by 30.6% (was up by 12.3% last month). This very strong price trend is a bit troubling as it seems to be at much to high of a pace to be sustainable for the long run. I expect some moderation of these increases in the near future.
The inventory of available single family homes decreased from last month by 33 homes to 1129 units this month, and this is inventory is 10.4% less than last November. Current supply of homes is 4.8 months, for October of this year it was a 4.9 months supply. (This is a 21.5% decrease from last year). The Martin County single family real estate market remains in a sellers market. I was hoping for another month of increasing inventory, but this hasn’t happened. Possibly for December and/or January we’ll have some additional homes for sale.
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November 2015 Monthly Market Detail Martin County Single Family Homes
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.
The October 2015 Monthly Market Detail Martin County Single Family Homes showed better closed volume from last year but a weaker indication for future sales with the pending numbers. Year to year closed sales were up by 13.4% (was down 0.5% in September). New pending sales decreased by 19% as compared to October of 2014 (decreased by 6.6% in September).
Prices continue their upward march. The median sales price was up by 15.6% from last year (up by 7.1% in September) while the average price increased by 12.3% (was up by 40.5% last month). This upward price trend is a bit troubling as it seems to be at much to high of a pace to be sustainable for the long run. I expect some moderation of these increases in the near future.
The inventory of available single family homes increased from last month by 105 homes to 1162 units this month, though this is still 7.3% less than last October. Current supply of homes is 4.9 months, for September of this year it was a 4.5 months supply. (This is 18.4% decrease from last year). The Martin County single family real estate market remains in a sellers market. Though, with increasing inventory, we are headed towards a more balanced market looking at the future.
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October 2015 Monthly Market Detail Martin County Single Family Homes
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.
The September 2015 Monthly Market Detail Martin County Single Family Homes showed a second month of continued weakness when compared to last year for volume of sales. Year to year closed sales were down by .5% (was down 8% in August). New pending sales decreased by 6.6% as compared to September of 2014 (decreased by 2.4% in August).
The median sales price was up by 7.1% from last year (up by 9.6% in August) while the average price increased by 40.5% (was up by 10% last month). The lack of inventory is driving down the volume of sales while at the same time exerting tremendous upwards pressure on prices..
The inventory of available single family homes increased from last month by 54 homes to 1057 units this month, and this is still a 14% decrease from last September. Current supply of homes is 4.5 months, for August of this year it was a 4.3 months supply. (This is a 24.7% decrease from last year). The Martin County single family real estate market remains a strong sellers market. We are approaching our slower selling season for the upcoming holidays. I am hoping to see the sales volume start increasing again as we seem to be slowly having some additional inventory additions.
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September 2015 Monthly Market Detail Martin County Single Family Homes
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.
The August 2015 Monthly Market Detail Martin County Single Family Homes showed some signs of weakness when compared to last year. Year to year closed sales were down by 8% (was up 13.7% in July). New pending sales decreased by 2.4% as compared to August of 2014 (decreased by 3.1% in July).
The median sales price was up by 9.6% from last year (up by 7.5% in July) while the average price increased by 10% (was up by 11.7% last month). Even with decreasing sales, the current lack of inventory is exerting significant upward pressure on single family home prices in Martin County.
The inventory of available single family homes increased from July 2015 by 58 homes to 1003 units this month, and this is also a 22.1% decrease from last August. Current supply of homes is 4.3 months, for July of this year it was a 4.5 months supply. (This is a 33% decrease from last year). The Martin County single family real estate market remains a strong sellers market. We are approaching our slower selling season for the upcoming holidays. It will be interesting to see if we can get any increase in inventory of available homes to sell.
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August 2015 Monthly Market Detail Martin County Single Family Homes
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.
The July 2015 Monthly Market Detail Martin County Single Family Homes continues with good positive gains though not quite as strong as last month. Year to year closed sales were up by 13.7% (was up 28.8% in June). New pending sales decreased by 3.1% as compared to July of 2014 (increased by 2.1% in June).
The median sales price was up by 7.5% from last year (down by 5.4% in June) while the average price increased by 11.7% (was up by .05% last month). Back into positive numbers after a little hiccup last month.
The inventory of available single family homes increased from June 2015 by 23 homes to 1061 units this month, but this is still a 18% decrease from last July. Current supply of homes remained at 4.5 months, the same as June’s 4.5 months supply. (A 31.2% decrease from last year). The Martin County single family real estate market remains a strong sellers market. The small increase in inventory for this month is a welcome sign.
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July 2015 Monthly Market Detail Martin County Single Family Homes
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.
The June 2015 Monthly Market Detail Martin County Single Family Homes rebounded nicely from last months disappointing sales volume. Year to year closed sales were up by 28.8% (was down 2.6% in May). New pending sales increased by 2.1% as compared to June of 2014 (increased by 1.1% in May).
The median sales price was down by 5.4% from last year (down by 1.1% in May) while the average price increased by .05% (was up by 13% last month). Continuing to show some weakness in what has been an exceptionally strong rate of price increases for the past two years.
The inventory of available single family homes decreased from May 2015 by 49 homes to 1038 units this month, and this is also a 25.4% decrease from last June. Current supply of homes decreased to 4.5 months from May’s 4.8 months supply. (A 37.7% decrease from last year). The Martin County single family real estate market continues as a strong sellers market, though there are some major issues appearing recently. Primarily the lack of inventory of available homes for sale.
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June 2015 Monthly Market Detail Martin County Single Family Homes
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.
The May 2015 Monthly Market Detail Martin County Single Family Homes is starting to show the effects of the rapid price increases and reduced inventory. Year to year closed sales were down by 2.6% (was up 24.7% in April). New pending sales increased by 1.1% as compared to May of 2014 (increased by 23% in April).
The median sales price was down by 1.1% from last year (up by 5.1% in April) while the average price increased by 13% (was up by 14.9% last month). Beginning to show some weaknesss in what has been an exceptionally strong rate of price increases for the past two years.
The inventory of available single family homes decreased from April 2015 by 173 homes to 1087 units this month, and this is also a 23.5% decrease from last May. Current supply of inventory decreased to 4.8 months from April’s 5.6 months supply. (A 35.6% decrease from last year). The Martin County single family real estate market is back into a sellers market, though there are some major issues showing of late. Primarily the lack of inventory of available homes for sale.
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May 2015 Monthly Market Detail Martin County Single Family Homes
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.
The April 2015 Monthly Market Detail Martin County Single Family Homes continues to outperform the Florida statewide market activity with very strong gains, though somewhat of a more moderate pace from last month. Year to year closed sales was up by 24.7% (was up 41.6% in March). New pending sales increased by 23% as compared to April of 2014 (increased by 35.8% in March).
The median sales price was up by 5.1% from last year (up by 3.6% in March) while the average price increased by 14.9% (was up by 33.3% last month). Continuing with some very strong gains in prices for the year.
The inventory of available single family homes decreased from March 2015 by 82 homes to 1260 units this month, and this is also a 9.9% decrease from last April. Current supply of inventory decreased to 5.6 months from March’s 6.1 months supply. (A 9.9% decrease from last year). Martin County single family home sales have again entered a sellers’ market. A balance market favoring neither the buyer and sellers is recognized as one with a 6 month inventory of supply.
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April 2015 Monthly Market Detail Martin County Single Family Homes
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.
The March 2015 Monthly Market Detail Martin County Single Family Homes began the year with some very strong activity, and for March, it is showing continued very strong growth. Year to year closed sales was up by 41.6% (was up 46.6% in February). New pending sales increased by 35.8% as compared to March of 2014 (increased by 31.9% in February).
The median sales price was up by 3.6% from last year (up by 6.9% in February) while the average price increased by 33.3% (was down by 16.2% last month). Surprisingly strong increase in the average price after a setback last month.
The inventory of available single family homes decreased from February 2015 by 26 homes to 1,368 units this month, and this is a 4.5% decrease from last March. Current supply of inventory decreased to 6.1 months from February’s 6.3 months supply. (A 19.8% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.
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March 2015 Monthly Market Detail Martin County Single Family Homes
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.
The February 2015 Monthly Market Detail Martin County Single Family Homes began the year with some very strong activity, and for the second month is showing even stronger results. Year to year closed sales was up by 46.6% (was up 18.8% in January). New pending sales increased by 31.9% as compared to February of 2014 (increased by 44.3% in January).
The median sales price was up by 6.9% from last year (down by 2.1% in January) while the average price decreased by 16.2% (was up by 31% last month). Some moderating in the rate of price increases has been expected since the rates of increases for the past two years has been at an unsustainable rate.
The inventory of available single family homes increased from January 2015 by 55 homes to 1,368 units this month, and this is a 1.3% increase from last February. Current supply of inventory increased slightly to 6.3 months from January’s 6.2 months supply. (An 11.1% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.
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February 2015 Monthly Market Detail Martin County Single Family Homes
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.
The January 2015 Monthly Market Detail Martin County Single Family Homes began the year with some very strong activity, bucking the trend for much of the rest of the State. Year to year closed sales was up by 18.8% (was down 8.6% in December). New pending sales increased by 44.3% as compared to January of 2014 (increased by 13.7% in December).
The median sales price was down by 2.1% from last year (down by 5.9% in December) while the average price increased by an impressive 31% (was up by 29% last month). Two months in a row of impressive average price increases while median prices decreased. An indication of some higher priced sales.
The inventory of available single family homes increased from December 2014 by 28 homes to 1,1313 units this month, and is a 3.7% increase from last January. Current supply of inventory remained at 6.2 months. (a 6.8% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller. Activity was very robust for a January, when typically sales are slightly off.
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January 2015 Monthly Market Detail Martin County Single Family Homes
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.
The December 2014 Monthly Market Detail Martin County Single Family Homes picked up steam in the final month of 2014. Year to year closed sales were down by 8.6% (was up 1.2% in November). New pending sales increased by 13.7% as compared to December of 2013 (increased by 9% in November).
The median sales price was up by 5.9% from last year (down by 1.5% in November) while the average price increased by an impressive 29% (was down by 8.8% last month). We appear to be in somewhat of a roller coaster ride in the past three months as far as prices are concerned. Though all indications to date show more positive news coming for 2015.
The inventory of available single family homes increased from November 2014 by 25 homes to 1,285 units this month, and is a 4% increase from last December. Current supply of inventory rose slightly to 6.2 months from last month’s 6.1 (a 6.4% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.
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December 2014 Monthly Market Detail Martin County Single Family Homes
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.