December of 2013 marked another strong month for the Martin County, Florida real estate market. Year-over-year, the median sale price of single family homes rose 7.2% to $268,000 and the median days on market dropped 42% from 88 to 51. This shows that homes are selling faster and for higher prices.
|Summary Statistics||December 2013||December 2012||Perc. Change YOY|
|Paid in Cash||79||84||-6.0%|
|New Pending Sales||185||169||9.5%|
|Median Sale Price||$268,000||$250,000||7.2%|
|Average Sale Price||$315,736||$416,192||-24.1%|
|Median Days on Market||51||88||-42.0%|
|Average Percent of Original List Price||92.1%||90.0%||2.3%|
|Pending Inventory||355||(No Data)||N/A|
|Inventory (Active Listings)||1,253||1,220||2.7%|
|Months Supply of Inventory||6.5||7.6||-14.0%|
Data source: 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 Thursday, January 23, 2014. Next data release is Friday, February 21, 2014.
Post by Rusty Abbott