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Realtors Association of Palm Beaches



MARTIN COUNTY REAL ESTATE STATISTICS FOR APRIL RELFECT BALANCED MARKET

by RAPB Communications | May 24, 2017

The April real estate market report for Martin County shows the trend of a market leveling out. Compared to last year’s statistics at this time, median pricing for single family homes inched slightly higher, up 2.8% to $329,000. Meanwhile, closed sales activity decreased slightly by 2.3% allowing inventory to increase to 5.2 months’ supply.

“We still have another month of seasonal buying to record, however, we expect the trend of a level market to continue,” said John Slivon, President of the Realtors® Association of the Palm Beaches. “Our forecast for the coming months for single family homes is similar with minimal appreciation in pricing and a steady growth of inventory.”

“However, it should be noted that there continues to be a need for more affordable inventory, as the current listings of homes priced under $250,000 is a scant amount of 99 properties,” adds Slivon.

Source: Florida Realtors® County Statistics 
 
The Realtors® Association of the Palm Beaches (RAPB) is the 6th largest local association in the country representing over 15,000 REALTOR® members involved in all aspects of residential and commercial real estate throughout Palm Beach and St. Lucie Counties. RAPB members are “The Voices for Local Real Estate,” providing consumers with real insight on the homeownership process with data accuracy and market expertise. Many of their members also engage in one or more divisions offered through RAPB, including the REALTORS® of St. Lucie County (RSLC), the Young Professionals Network, and the award-winning Global Business & REALTORS® Commercial Alliances. Looking to buy or sell property? Think local! Find your REALTOR® or property at www.SouthFloridaPropertyMatch.com.

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