Martin County Single Family Homes December 2018 Market Report
The Martin County Single Family Homes December 2018 Market Report continued with weaker sales activity when compared to last year. Closed sales were down by 9.4% (were down by 23.0% in November). While new pending sales decreased by 21.8% as compared to December 2017 (Decreased by 13.1% in November).
However, prices continued their upward march for December. The median sales price was up by 13.8% from last year (up by 11.3% in November) while the average sales price also increased by 13.8% (was down by 5.6% last month).
The inventory of available single-family homes decreased from last month by 32 homes to 976 units for December, this is 2.1% greater than last December. The current supply of homes is 4.7 months, for December of last year, it was also a 4.5 months supply. We’re still in a seller’s market for Martin County single-family home sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.
Click here to view or download the full report:
Martin County Single Family Homes December 2018 Market Report
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
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