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 August. Here are statistics on single family homes.
“Closed sales decreased for the third consecutive month in Martin County. This is not a cause for alarm, especially since we saw increases in active listings, months’ supply, and median sale price,” said Jarrod Lowe, President Elect of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
Closed sales decreased 4.3 percent to 199. Closed sales are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes, rather than changes from one month to the next.
“With all the recent ups and downs, the market is working feverishly to find a balance between buyer and seller. Make sure to check back next month to take a look at September’s market statistics. For expert advice on how to go about buying or selling in Martin County, contact a local Realtor®,” continues Lowe.
Months’ supply of inventory increased 8.9 percent to 4.9 months. There was a 5.2 percent rise in active listings with 947 year-over-year. The median sale price also increased slightly by 2.5 percent to $369,000.
Realtors® of the Palm Beaches and Greater Fort Lauderdale has merged with the South Broward Board of Realtors® to form the 3rd largest local Realtor® association in the country. The newly combined association represents 33,000 Realtors®, 35,000 MLS subscribers, and 5 regional boards across South Florida & the Treasure Coast. For more info, visit RapbGflrMerge.com or contact Communications@rapb.com.
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