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

Florida Single Family Homes December 2021 Market Report

01.21.22 by

Florida Single Family Homes December 2021 Market Report

The Florida Single Family Home market activity had weaker sales volume compared to last December.  The unprecedented low volume of inventory is the primary cause.  Closed sales were down by 1.6% (were up by 4.3% in November). New sales under contract (new pending sales) were up by 4.2% (were down by 1.6% in November).

Prices, however, continue to rise.  The median sales price rose by 21.0% (it was up by 19.6% in November). And, the average sales price was up by 19.0% (it was up by 17.2% last month).

The inventory of available homes for sale decreased by 33.7% from last year.  This represents only a 1.0 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (December 2020 had a 1.8 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes December 2021 Market Report
Download the full report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes December 2021 Market Report

 

St Lucie County Single Family Homes November 2021 Market Report

12.28.21 by

St Lucie County Single Family Homes November 2021 Market Report

The November 2021, St Lucie County Single Family Home market had improved sales activity when compared to last year. Closed sales were up by 8.0% for the month compared to last year (in October they were up by 7.7%). New sales under contract (new pending sales) increased by 12.1% (they were up by 7.5% last month).

Prices continued to rise in November.  The median sales price was up by 29.1% (was up by 28.8% in October).  The average sales price was up by 34.2% (it was up by 25.4% in October).

The number of available home listings decreased by 45 homes to 704 homes.  This inventory is 29.2% less than last year.  The current supply of homes is only 1.2 months (it was 1.9 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Townhouses and Condos November 2021 Market Report
Click here to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes November 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

Florida Single Family Homes November 2021 Market Report

12.22.21 by

Florida Single Family Homes November 2021 Market Report

The Florida Single Family Home market activity was slightly more active in sales volume compared to last November. This is an improvement from October’s results. Closed sales were up by 4.3% (were down by 6.8% in October). New sales under contract (new pending sales) were up by 1.6% (were down by 3.6% in October).

Prices continue to rise.  The median sales price rose by 19.6% (it was up by 17.7% in October). And, the average sales price was up by 17.2% (it was up by 12.9% last month).

The inventory of available homes for sale decreased by 31.1% from last year.  This represents only a 1.2 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (November 2020 had a 2.0 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes November 2021 Market Report
Download the full report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes November 2021 Market Report

St Lucie County Single Family Homes October 2021 Market Report

11.27.21 by

St Lucie County Single Family Homes October 2021 Market Report

The October 2021, St Lucie County Single Family Home market had slower sales activity when compared to last year. This is due to our currently very low inventory and high prices. Closed sales were down by 7.7% for the month compared to last year (in September they were up by 2.3%). New sales under contract (new pending sales) increased by 7.5% (they were up by 3.9% last month).

Prices continued to rise in October.  The median sales price was up by 28.8% (was up by 27.6% in September).  The average sales price was up by 25.4% (it was up by 28.2% in September).

The number of available home listings increased by 22 homes to 749 homes.  This inventory is 21.9% less than last year.  The current supply of homes is only 1.3 months (it was 1.8 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes October 2021 Market Report
Click here to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes October 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

Florida Single Family Homes October 2021 Market Report

11.22.21 by

Florida Single Family Homes October 2021 Market Report

The Florida Single Family Home market activity was weaker than last October. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Though, I do see some indications that the inventory may soon start increasing. Closed sales were down by 6.8% (were down by 1.3% in September). New sales under contract (new pending sales) were down by 3.6% (were down by 6.1% in September).

Prices, however, continued to rise.  The median sales price rose by 17.7% (it was up by 18.3% in September). And, the average sales price was up by 12.9% (it was up by 16.3% last month).

The inventory of available homes for sale decreased by 29.9% from last year.  This represents only a 1.3 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (October 2020 had a 2.1 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes October 2021 Market Report
Download the full report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes October 2021 Market Report

St Lucie County Single Family Homes September 2021 Market Report

10.28.21 by

St Lucie County Single Family Homes September 2021 Market Report

The September 2021, St Lucie County Single Family Home market had slightly improved sales activity when compared to last year. This is quite impressive as other markets are showing slower sales activity since there is so little inventory and high prices. Closed sales were up by 2.3% for the month compared to last year (in August they were down by 11.7%). New sales under contract (new pending sales) increased by 3.9% (they were up by 7.9% last month).

Prices continued to rise in September.  The median sales price was up by 27.6% (was up by 25.7% in August).  The average sales price was up by 28.2% (it was up by 21.5% in August).

The number of available home listings increased by 3 homes to 727 homes.  This inventory is 24.9% less than last year.  The current supply of homes is only 1.2 months (it was 1.9 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

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

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes September 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

Florida Single Family Homes September 2021 Market Report

10.22.21 by

Florida Single Family Homes September 2021 Market Report

The Florida Single Family Home market activity was weaker 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 1.3% (were up by 0.2% in August). New sales under contract (new pending sales) were down by 6.1% (were down by 4.7% in August).

Prices, however, continued to rise.  The median sales price rose by 18.3% (it was up by 18.0% in August). And, the average sales price was up by 16.3% (it was up by 19.7% last month).

The inventory of available homes for sale decreased by 29.2% from last year.  This represents only a 1.3 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (September 2020 had a 2.2 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes September 2021 Market Report
Download the full report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes September 2021 Market Report

St Lucie County Single Family Homes August 2021 Market Report

09.28.21 by

St Lucie County Single Family Homes August 2021 Market Report

The August 2021, St Lucie County Single Family Home market showed fewer closed 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. New pending sales rose slightly which is hopefully a good sign for the future. Closed sales were down by 11.7% for the month compared to last year (in July they were up by 5.0%). New sales under contract (new pending sales) increased by 7.9% (they were down by 19.9% last month).

Prices continued to rise in August.  The median sales price was up by 25.7% (was up by 26.0% in July).  The average sales price was up by 21.5% (it was up by 23.1% in July).

The number of available home listings increased by 65 homes to 724 homes.  This inventory is 23.6% less than last year.  The current supply of homes is only 1.2 months (it was 1.9 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

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

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes August 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

Florida Single Family Homes August 2021 Market Report

09.22.21 by

Florida Single Family Homes August 2021 Market Report

The Florida Single Family Home market activity was almost unchanged for closed sales when compared to last year. Pending sales were lower. This is a result of the historically low inventory of homes on the market. There are many buyers but not enough available homes. Closed sales were up by 0.2% (were down by 2.1% in July). New sales under contract (new pending sales) were down by 4.7% (were down by 14.1% in July).

Prices, however, continued to rise.  The median sales price rose by 18.0% (it was up by 20.3% in July). And, the average sales price was up by 19.7% (it was up by 22.8% last month).

The inventory of available homes for sale decreased by 32.4% from last year.  This represents only a 1.3 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (August 2020 had a 2.3 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes August 2021 Market Report
Download the full report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes August 2021 Market Report

St Lucie County Single Family Homes July 2021 Market Report

08.27.21 by

St Lucie County Single Family Homes July 2021 Market Report

The July 2021, St Lucie County Single Family Home market showed slightly 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 5.0% for the month compared to last year (in June they were up by 25.7%). New sales under contract (new pending sales) decreased by 19.9% (they were down by 36.0% last month).

Prices continued to rise in July.  The median sales price was up by 26.0% (was up by 24.5% in June).  The average sales price was up by 23.1% (it was up by 28.9% in June).

The number of available home listings decreased by 258 homes to 659 homes.  This inventory is 39.1% less than last year.  The current supply of homes is only 1.1 months (it was 2.2 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

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

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes July 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

Florida Single Family Homes July 2021 Market Report

08.23.21 by

Florida Single Family Homes July 2021 Market Report

The Florida Single Family Home market activity had a decline in closed sales when compared to last year. Pending sales were also lower. This is a result of the historically low inventory of homes on the market. There are many buyers but not enough available homes. Closed sales were down by 2.1% (were up by 23.6% in June). New sales under contract (new pending sales) were down by 14.1% (were down by 13.8% in June).

Prices continued to rise.  The median sales price rose by 20.3% (it was up by 24.5% in June). And, the average sales price was up by 22.8% (it was up by 36.0% last month).

The inventory of available homes for sale decreased by 38.9% from last year.  This represents only a 1.2 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (July 2020 had a 2.5 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes July 2021 Market Report
Download the full report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes July 2021 Market Report

St Lucie County Single Family Homes June 2021 Market Report

07.28.21 by

St Lucie County Single Family Homes June 2021 Market Report

The June 2021, St Lucie County Single Family Home market 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 25.7% for the month compared to last year (in May they were up by 65.7%). New sales under contract (new pending sales) decreased by 36.0% (they were down by 26.6% last month).

Prices continued to rise in June.  The median sales price was up by 24.5% (was up by 26.4% in May).  The average sales price was up by 28.9% (it was up by 37.0% in May).

The number of available home listings increased by 36 homes to 917 homes.  This inventory is 29.0% less than last year.  The current supply of homes is only 1.5 months (it was 2.7 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

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

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes June 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

Florida Single Family Homes June 2021 Market Report

07.22.21 by

Florida Single Family Homes June 2021 Market Report

The Florida Single Family Home 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 23.6% (were up by 57.9% in May). New sales under contract (new pending sales) were down by 13.8% (were up by 0.1% in May).

Prices continued to rise.  The median sales price rose by 24.5% (it was up by 27.7% in May). And, the average sales price was up by 36.0% (it was up by 47.3% last month).

The inventory of available homes for sale decreased by 47.3% from last year.  This represents only a 1.2 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (June 2020 had a 2.8 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

June 2021 Florida Single Family Homes Market Report
Download the full report
Recent Florida Market Report Posts:

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.

Florida Single Family Homes June 2021 Market Report