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Martin County Single Family Market Report

For the month of November properties there have been less properties that have sold on the market as well as less investors. The median sale price continued to increased at 11.3 percent from $337,000 in 2017 to $375,000. There was less sales and the dollar volume decreased this year. Properties are sitting on the market a bit longer and are taking longer to sell. There has been a decrease in pending sales and new properties on the market. The month supply of properties on the market has stayed the same at 4.8 months. Based on the month supply of inventory it is close to being a neutral market (5 months) which means it is balanced and neither favors buyers or sellers.

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