Martin County market report for single family homes shows that number of sales has slowed down this past year. Looks like real estate market appears to be stabilizing. The median sales price has decreased by 1.4%. There are less cash buyers which could mean there are less investors currently purchasing. The overall sales price and dollar volume of sales has decreased. Properties on the market are taking longer to go under-contract and close. There are 15 percent less properties on the market than the previous year. There is still a 4.5 month supply of inventory which is still considered a seller’s market. Once inventory hits a 5 month supply than it will be a balanced market favoring neither the buyer or the seller.
