Martin Median Price Hits $619,900 as Home Competition Heats Up
Just in! April 2022 released from Florida Realtors® detailing recent real estate activity in Martin County. The reports compare year-over-year data. Here are statistics on single family homes.
“Martin County’s median sale price hit $619,900 in April! It seems like every month, our median sale price continues to climb. Meanwhile, inventory levels remain low, which is fueling competition in Martin County. Prospective homebuyers from all around the world are hiring REALTORS® and diving headfirst into a South Florida housing investment. Properties are coming off the market almost as soon as they are listed. Our median time to contract is an astounding 8 days,” said Carlos A. Melendez, President of Broward, Palm Beaches & St. Lucie REALTORS®.
Median Supply of Inventory is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyer’s market, and anything lower is a seller's market.
“The real estate market grows increasingly competitive each day, which means that having somebody by your side to guide you through the home buying or home selling process is essential. Only a REALTOR® can bring expertise, professionalism and value in more ways than one. Start your home buying journey today by contacting a local REALTOR®,” continues Melendez.
Real estate agents are not just a connection between buyers and sellers. With a REALTOR®, you’re not just getting any real estate agent. You’re getting the expertise of a person who is just as invested in the purchase or sale of your family’s home as you are. Learn more about how REALTORS® are essential to your real estate needs by visiting OnlyARealtor.com.
April Market Reports: Single Family | Townhouses/Condos
Broward, Palm Beaches & St. Lucie Realtors® is the 3rd largest local Realtor® association in the nation, representing over 40,000 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.