MARCH 30th, 2016 – Florida Realtors have released the real estate market data for single family homes in Martin County, Florida, charted below. The median sale price has held relatively steady over the past year at or near $300,000. Inventory of Active Listings remains low at 1,081 and homes are quickly at a median time of 42 days.
|Summary Statistics||February 2016||February 2015||% Change YOY|
|Paid in Cash||72||82||-12.2%|
|Median Sale Price||$305,000||$280,000||8.9%|
|Average Sale Price||$396,988||$341,216||16.3%|
|Dollar Volume||$62.3 mil||$60.4 mil||3.2%|
|Median % of Original List Price Received||95.0%||94.1%||1.0%|
|Median Time to Contract||42 Days||69 Days||-39.1%|
|Median Time to Sale||95 Days||115 Days||-17.4%|
|New Pending Sales||235||243||-3.3%|
|Inventory (Active Listings)||1,081||1,138||-5.0%|
|Months Supply of Inventory||5.2||5.9||-11.9%|
Produced by Florida REALTORS® 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 Monday, March 21, 2016. Next data release is Wednesday, April 20, 2016.
Call us anytime to discuss current market trends and find out what your home might sell for in today’s market conditions.