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

Florida Single Family Homes May 2022 Market Report

06.21.22 by

Florida Single Family Homes May 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last May.  We remain in a market with low inventory (though that is beginning to change) as well as rising interest rates that are significantly affecting the real estate market.  Inventory rose slightly this month, so maybe we are in the very beginnings of a turn-around in the market. Closed sales were down by 6.9% (were down by 15.3% in April). New sales under contract (new pending sales) were down by 13.1% (were down by 13.9% in April).

Prices are still going up.  The median sales price rose by 21.8% (it was up by 21.8% in April). And, the average sales price was up by 15.6% (it was up by 12.8% last month).

The inventory of available homes for sale increased by 31.5% from last year.  This represents only a 1.4 months supply of inventory. Florida remains in a seller’s market with a major advantage for sellers. (May 2021 had a 1.1 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 May 2022 Market Report

Click here to view 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 May 2022 Market Report

 

St Lucie County Single Family Homes April 2022 Market Report

05.23.22 by

St Lucie County Single Family Homes April 2022 Market Report

The April 2022 St Lucie County Single Family Home market had slightly weaker activity when compared to last year. This is still impressive when you consider the results of other surrounding counties as well as the extremely low inventory of available homes available for purchase. Though, the inventory may have bottomed out and started to rise. Closed sales were down by 4.2% for the month compared to last year (in March they were up by 16.2%). New sales under contract (new pending sales) decreased by 11.9% (they were down by 4.0% last month).

Prices were also up in April.  The median sales price was up by 28.8% (was up by 31.6% in March).  The average sales price was up by 24.5% (it was up by 29.7% in March).

The number of available home listings decreased by 84 homes to 678.  This inventory is 16.1% greater than last year.  The current supply of homes is 1.1 months (it was 1.0 months last year).  The St Lucie County single-family home market remains an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes April 2022 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 April 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

Florida Single Family Homes April 2022 Market Report

05.19.22 by

Florida Single Family Homes April 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last April.  We remain in a market with unprecedented low inventory as well as rising interest rates that are significantly affecting the real estate market.  Inventory rose slightly this month, so maybe we are in the very beginnings of a turn-around in the market. Closed sales were down by 15.3% (were down by 6.2% in March). New sales under contract (new pending sales) were down by 13.9% (were down by 12.4% in March).

Prices are continuing their rise.  The median sales price rose by 21.8% (it was up by 21.1% in March). And, the average sales price was up by 12.8% (it was up by 16.9% last month).

The inventory of available homes for sale increased by 6.9% from last year.  This represents only a 1.1 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (April 2021 also had a 1.1 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 April 2022 Market Report

Click here to view 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 April 2022 Market Report

 

St Lucie County Single Family Homes March 2022 Market Report

04.24.22 by

St Lucie County Single Family Homes March 2022 Market Report

The March 2022 St Lucie County Single Family Home market had improved sales activity when compared to last year. This is pretty impressive when you consider the extremely low inventory of available homes available for purchase as well as the results of other surrounding counties. Closed sales were up by 16.2% for the month compared to last year (in February they were up by 22.0%). New sales under contract (new pending sales) decreased by 4.0% (they were down by 5.9% last month).

Prices were also up in March.  The median sales price was up by 31.6% (was up by 27.3% in February).  The average sales price was up by 29.7% (it was up by 24.0% in February).

The number of available home listings decreased by 1 home to 594.  This inventory is 22.4% less than last year.  The current supply of homes is only 0.9 months (it was 1.4 months last year).  The St Lucie County single-family home market remains an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes March 2022 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 March 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

Florida Single Family Homes March 2022 Market Report

04.20.22 by

Florida Single Family Homes March 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last March.  We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  I don’t really see any quick turnaround until the inventory starts to increase. Closed sales were down by 6.2% (were down by 1.2% in February). New sales under contract (new pending sales) were down by 12.4% (were down by 12.6% in February).

Prices are continuing their rise.  The median sales price rose by 21.1% (it was up by 23.0% in February). And, the average sales price was up by 16.9% (it was up by 16.7% last month).

The inventory of available homes for sale decreased by 10.2% from last year.  This represents only a 1.0 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (March 2021 had a 1.2 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 March 2022 Market Report

Click here to view 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 March 2022 Market Report

 

St Lucie County Single Family Homes February 2022 Market Report

03.22.22 by

St Lucie County Single Family Homes February 2022 Market Report

The February 2022 St Lucie County Single Family Home market had improved sales activity when compared to last year. This is pretty impressive when you consider the extremely low inventory of available homes available for purchase as well as the results of other surrounding counties. Closed sales were up by 22.0% for the month compared to last year (in January they were up by 15.6%). New sales under contract (new pending sales) decreased by 5.9% (they were up by 3.8% last month).

Prices were up in February.  The median sales price was up by 27.3% (was up by 30.0% in January).  The average sales price was up by 24.0% (it was up by 29.7% in January).

The number of available home listings increased by 16 homes to 595.  This inventory is 32.6% less than last year.  The current supply of homes is only 1.0 months (it was 1.7 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 February 2022 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 February 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

Florida Single Family Homes February 2022 Market Report

03.18.22 by

Florida Single Family Homes February 2022 Market Report

The Florida Single Family Home market activity had slightly lower sales volume compared to last February.  We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  I don’t really see any quick turnaround until the inventory starts to increase. Closed sales were down by 1.2% (were up by 1.4% in January). New sales under contract (new pending sales) were down by 12.6% (were down by 9.4% in January).

Prices continue to rise.  The median sales price rose by 21.1% (it was up by 23.0% in January). And, the average sales price was up by 16.9% (it was up by 16.7% last month).

The inventory of available homes for sale decreased by 24.1% from last year.  This represents only a 0.9 month supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (February 2021 had a 1.3 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 February 2022 Market Report

Click here to view 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 February 2022 Market Report

 

St Lucie County Single Family Homes January 2022 Market Report

02.25.22 by

St Lucie County Single Family Homes January 2022 Market Report

The January 2022, St Lucie County Single Family Home market had improved sales activity when compared to last year. This is pretty impressive when you consider the extremely low inventory of available homes available for purchase. Closed sales were up by 15.6% for the month compared to last year (in December they were up by 24.2%). New sales under contract (new pending sales) increased by 3.8% (they were down by 0.5% last month).

Prices were also up in January.  The median sales price was up by 30.0% (was up by 24.3% in December).  The average sales price was up by 29.7% (it was up by 31.0% in December).

The number of available home listings decreased by 30 homes to 595.  This inventory is 39.8% less than last year.  The current supply of homes is only 1.0 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 January 2022 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 January 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

Florida Single Family Homes January 2022 Market Report

02.21.22 by

Florida Single Family Homes January 2022 Market Report

The Florida Single Family Home market activity had slightly better sales volume compared to last January.  We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  Closed sales were up by 1.4% (were down by 1.6% in December). New sales under contract (new pending sales) were down by 9.4% (were up by 4.2% in December).

Prices continue to rise.  The median sales price rose by 23.0% (it was up by 21.0% in December). And, the average sales price was up by 16.7% (it was up by 19.0% last month).

The inventory of available homes for sale decreased by 31.3% 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. (January 2021 had a 1.6 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 January 2022 Market Report

Click here to view 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 January 2022 Market Report

 

St Lucie County Single Family Homes December 2021 Market Report

01.25.22 by

St Lucie County Single Family Homes December 2021 Market Report

The December 2021, St Lucie County Single Family Home market had improved sales activity when compared to last year. This is pretty impressive when you consider the extremely low inventory of available homes available for purchase. Closed sales were up by 24.2% for the month compared to last year (in November they were up by 8.0%). New sales under contract (new pending sales) decreased by 0.5% (they were up by 12.1% last month).

Prices were also up in December.  The median sales price was up by 24.3% (was up by 29.1% in November).  The average sales price was up by 31.0% (it was up by 34.2% in November).

The number of available home listings decreased by 79 homes to 625.  This inventory is 32.9% less than last year.  The current supply of homes is only 1.0 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 December 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 December 2021 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

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