Martin County Closed Sales Increase in Midst of COVID-19

 

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 March. Here are statistics on single family homes.

 
 

“Good news! The March reports for Martin County showed growth in closed sales with a 7.8 percent increase to 222. Also, median price remained steady year-over-year at $375,000,” 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. Meanwhile, 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.

“While there were some positive statistics in March, I don’t want to overlook the impact COVID-19 will have on our market in the coming months. It's important for buyers and sellers to reach out to a local Realtor® to discuss essential real estate needs. Innovative practices, such as virtual open houses and virtual showings, are great ways for buyers to browse properties safely and Realtors® to show them in real time,” continues Lowe.

Market Reports: Martin Single Family | Martin Townhouses/Condos

Martin County Market Snapshot
 
 

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.

 
Anthony AcevedoMarket Reports