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 February. Here are statistics on single family homes.

“What a month! Similar to what we saw in January, the median price vastly increased by 13.8 percent to $372,000. On the other hand, the months’ supply of inventory decreased 22 percent to 4.6 months. We’re seeing the lower inventory levels in Martin County ignite a rise in median sale price. Homeowners have every reason to be optimistic with how the market has developed over the past couple months,” said Jarrod Lowe, President of Broward, Palm Beaches & St. Lucie Realtors®.

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.

“Meanwhile, it will be interesting to see what role COVID-19 plays in the current state of our market. We’ll keep a close eye on the market over the next few months, and consumers should contact a local Realtor® with any questions they might have,” continues Lowe.

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.