Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Martin County. The reports compare year-over-year data for April. Here are statistics on single family homes.
“The closed sales for single family homes in Martin County rose by 13.7 percent in April. This was nice to see after the decrease in closed sales in March,” said Jarrod Lowe, President Elect of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
Closed sales rose 13.7 percent from 212 to 241 transactions year-over-year. Closed sales are one of the simplest, yet most important, indicators for the residential real estate market.
“Despite the rise in closed sales, we did see a slight drop in median sale price by 1.4 percent. As the summer months approach, reach out to a local Realtor® on how to proceed in the current market conditions,” continues Lowe.
Median sale price dropped 1.4 percent from $370,000 to $365,000. Unlike average sale price, median sale price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area.
Realtors® of the Palm Beaches and Greater Fort Lauderdale is the 3rd largest local real estate association in the country. As one unified voice, RAPB + GFLR represents 30,000 Realtors®, 33,000 MLS subscribers, and 5 regional boards across South Florida & the Treasure Coast. For more info, contact firstname.lastname@example.org.