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Quarterly Martin County Market Report-Single Family Homes

Single Family Q1 market report

Quarter 1 shows that there has been an increase in sales, buyers paying cash, dollar volume in sales, new listings, and month supply of inventory.  There was a 2.2 percent increase in closed sales.  A 11 percent increase in amount of people paying cash, which is a greater indicator that there might be more investors participating in the market. Dollar volume in sales increased by 14.3 percent. There are 4.3 percent more new listings from the previous last year’s 1st quarter. There is a 5.5 month supply of inventory which is the benchmark for buyers and sellers (favoring neither side, the buyers or sellers) at a 5.5 month supply of inventory. If the month supply of inventory is higher than a 5.5 month the market would favor buyers and anything lower than 5.5 month supply of inventory is a seller’s market.

 

 

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