Martin County Median Home Price Increases 19.9% in 2021
Just in! 2021 Year-End Market Reports released from Florida Realtors® detailing recent real estate activity in Martin County. The reports compare year-over-year data for 2021. Here are statistics on single family homes.
““2021 was an extremely successful year for real estate in the Treasure Coast and especially in Martin County. We saw a 5.4 percent rise in closed sales to 2,798, and the median sale price increased a whopping 19.9 percent to $479,500. Also, homes were flying off the market. The median time to contract was 15 days, a 61.5 percent decrease from 39 days in 2020,” said Carlos A. Melendez, 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 sale prices for small numbers of homes that may not be characteristic of the market area. Meanwhile, time to contract measures the number of days between the initial listing for a property and the signing of the contract which eventually led to the closing of the sale.
“I am proud of my Realtor® family at Broward, Palm Beaches & St. Lucie Realtors® and how quickly we were able to help our communities grow in such a short amount of time. We finished the year strong, and it is also worth noting that 210 of those sales closed during the month of December at a median sale price of $569,500. Looking back on the success of 2021, we proved that our area is one of the premier regions for real estate in the country. If you are thinking about buying or selling, contact a local Realtor® today for their expertise on the market and how they can help you accomplish your real estate goals for 2022,” continues Melendez.
2021 Market Reports: Single Family | Townhouses/Condos
December Market Reports: Single Family | Townhouses/Condos
Broward, Palm Beaches & St. Lucie Realtors® is the 3rd largest local Realtor® association in the nation, representing over 38,000 Realtors®, 41,000 MLS subscribers, and 5 regional boards across South Florida & the Treasure Coast. For more info, visit Rworld.com or contact Communications@rworld.com.