Martin Closed Sales Skyrocket for Second Consecutive Month

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 December. Here are statistics on single family homes.

“Closed sales have skyrocketed for the second consecutive month! In December, there was an 18.3 percent increase to 194 in closed sales. Cash sales also increased year-over-year by 15.5 percent to 67,” said Jarrod Lowe, President of Broward, Palm Beaches & St. Lucie Realtors®.

Closed sales are typically one of the simplest – yet most important – indicators for the residential real estate market.

“Similar to last month, the median sale price indicates that it’s not quite yet a sellers’ market with a decrease of 4.3 percent to $370,500. If you’re interested in buying or selling in Martin County, consult a local Realtor® on how to proceed in the current market conditions,” continues Lowe.

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.

Coming soon! 2019 year end market reports for Martin County will release on February 12th.

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.