2nd Quarter 2017 Market Report – Single Family Homes – Martin County, Florida

AUGUST 15TH, 2017 – The single family home real estate market in Martin County, Florida closed out a healthy second quarter in 2017. Notable figures include a 5.2% increase in closed sales versus the second quarter of 2016 and a 6.1% increase in the median sale price.

Quarterly Statistics Q2 2017 Q2 2016 % Change YOY
Closed Sales 764 726 5.2%
Paid in Cash 291 252 15.5%
Median Sale Price $350,000 $330,000 6.1%
Average Sale Price $485,901 $446,543 8.8%
Dollar Volume $371.2 mil $324.2 mil 14.5%
Median % of Original List Price Received 94.7% 95.1% -0.4%
Median Time to Contract 50 Days 46 Days 8.7%
Median Time to Sale 94 Days 96 Days -2.1%
New Pending Sales 783 769 1.8%
New Listings 884 805 9.8%
Pending Inventory 380 408 -6.9%
Inventory (Active Listings) 1,028 958 7.3%
Months Supply of Inventory 5.1 4.7 8.5%

2nd quarter single family home real estate charts martin county florida
Produced by Florida REALTORSĀ® with data provided by Florida’s multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, August 9, 2017. Historical data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.

If you’re interested in purchasing or selling a home in Martin County, Florida, please give us a call anytime.

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