fbpx
Treasure Coast – Local News & Local Events
Home » The Honest Broker : MARKET WATCH For JUNE 2021
Community Martin County Real Estate

The Honest Broker : MARKET WATCH For JUNE 2021

The Honest Broker: HOA’s and Special Assessments

The Honest Broker : MARKET WATCH For JUNE 2021

   BY: DIANE LOTT, BROKER

          PARADISE FOUND REALTY

Single Family Homes

        JUN  2020

        JUN 2021

      % Change

Closed Sales

             243

          275

           13.2%

Ave. Sale Price

         $716,697

      $790,716

          10.3%

Median Time to Sale

         102 Days

       59 Days

         -42.2%

New Listings

           241

       315

           14.9%

Active Inventory (# of homes)

           712

       365

         -48.7%

Months’ Supply of Inventory

            3.8

        1.4

         -63.2%

SUMMARY: Closed sales are up 13% from last year but essentially the same as last month showing a tightening of the market.  New inventory to the market is still down

 

CONDITION:  Seller’s Market as reflected by the increased prices and diminished inventory. 

This is creating a situation where multiple buyers are bidding on the same property resulting in what is termed as a “bidding war”.  In many situations, buyers are paying over “list price” to win the home.

The closed sale price increase also reflects that the luxury home market in Martin County has seen a rise.

Townhomes & Condos

       JUN 2020

        JUN 2021

        % Change

Closed Sales

            96

             134

             39.6%

Ave. Sale Price

        $201,547

        $255,019

             26.5%

Median Time to Sale

          89 Days

           61 Days

             -31.5%

New Listings

           110

          120

              9.1%

Active Inventory (# of homes)

           377

          167

             -55.7%

Months’ Supply of Inventory

            4.4

           1.4

             -68.2%

SUMMARY:  Closed Sales are up by 40% from last year but are also flattening from last month showing a tightening of the market.

CONDITION:  There is less active inventory on the market causing an advantage that favors the seller.  This is producing a Seller’s Market trend. However, there is marked increase of new listings (86%) being added to the current inventory.

This is a snapshot over the past 12 months for the real estate market in Martin County.  My prediction is that we will continue to see an increase in home sales throughout the next quarter. 

Be well ….

Stay safe and Be well….

Diane

Diane Lott, Broker

Owner: Paradise Found Realty

*The highest compliment you can give is when you feel you can refer a friend…
  Hope to see them soon!

Paradise Found Realty, Inc. of Palm City

website:  www.ParadiseFoundRealtyFl.com

Email:  diane@paradisefoundrealtyfl.com

Phone:  954-294-5060

Sign up for alerts and daily digests at www.treasurecoast.com

Related posts

Statement from Dr Millay, Martin County Superintendent of Schools regarding Student racial slur photo 

Cyndi

Port St. Lucie City Council to discuss solid waste contract negotiations at special meeting

Cyndi

St. Lucie County To Conduct Aerial Larviciding on South Hutchinson Island May 18-19

Cyndi

The TreasureCoast.com Photo Gallery

Dawn Schmidt

FDOT Treasure Coast Traffic Report

Cyndi

Florida Honeymoons With International Flavors

Cyndi