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Realtors Association of Palm Beaches


 

MARTIN COUNTY: MARKET REPORT INDICATES HEALTHY REAL ESTATE APPRECIATION

by RAPB Communications | Apr 21, 2017

WEST PALM BEACH, FLORIDA (April 21, 2017) – The March real estate market report for Martin County reflects a year-over-year increase in closed sales, cash transactions and sales price of single family homes.

The closed sales volume increased 11.3% with 236 transactions with a 25% increase in cash sales. The dollar volume rose 20.2% to $121.4 million. The median sale price showed a 8.7% increase to $356,500. Pending inventory decreased by 10.8% to 406 homes.

“It is great to see a healthy appreciation of single family homes in Martin County and robust sales,” said John Slivon, President of the Realtors® Association of the Palm Beaches (RAPB). “This, coupled with an increase in inventory, signifies a more balanced market in this area.”

Source: Florida Realtors® Monthly Market Detail – March 2017 

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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