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|
|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%|
|Inventory (Active Listings)||1,028||958||7.3%|
|Months Supply of Inventory||5.1||4.7||8.5%|
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 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.