Emerging Martin County Market Trends to Watch in 2020

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 2019. Here are statistics on single family homes.

“Looking at the year-end reports, we can see that the Martin County housing market remained steady in 2019 with modest declines and inclines. Active inventory and months’ supply of inventory decreased while the median sale price rose 3.1 percent to $371,000,” said Jarrod Lowe, President of Broward, Palm Beaches & St. Lucie Realtors®.

Inventory decreases when new listings aren’t keeping up with the rate at which homes are going off-market. Active listings decreased 4.8 percent to 902.

“At the beginning of the year, we saw consecutive months of increases in active listings, months’ supply of inventory, and median sale price. Yet as 2019 came to an end, we saw consecutive months of decreases in these categories respectively. This points to the market balancing out, and we will be watching these emerging market trends in 2020,” said Lowe.

It’s important to remember that median sale price is our preferred summary statistic for price activity because, unlike average sale price, median sale price is not sensitive to high sales prices for small numbers of homes that may not be characteristic of the market area.

Market Reports: Martin Single Family | Martin Townhouses/Condos

Broward, Palm Beaches & St. Lucie Realtors® is the 3rd largest local Realtor® association in the country, representing 33,000 Realtors®, 35,000 MLS subscribers, and 5 regional boards across South Florida & the Treasure Coast. For more info, visit Rworld.com or contact Communications@rworld.com.