November 2024
MARTIN COUNTY MARKET UPDATE
The real estate market in Martin County for November 2024 highlights intriguing patterns across both single-family homes and townhouse/condo sectors. These trends reflect evolving buyer preferences and inventory dynamics, shaping opportunities for buyers and sellers alike.
Martin County Single Family Home
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Closed Sales: 127, down 3.8% from last year, signaling slightly tempered buyer activity.
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Median Sales Price: $550,000, down 7.6%, reflecting adjusted pricing trends.
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Active Inventory: 800, up 37%, providing buyers with more choices.
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Months Supply of Inventory: 5.0 months, up 3.6%, indicating a balanced market.
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New Listings: 245, up 20%, offering fresh opportunities for buyers.
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New Pending Sales: 161, up 30%, reflecting strong buyer interest.
Martin County Townhouses and Condos
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Closed Sales: 65, up 48%, showcasing growing demand in this category.
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Median Sales Price: $220,000, down 34%, offering affordability for buyers.
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Active Inventory: 627, up 48%, reflecting robust market availability.
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Months Supply of Inventory: 7.6 months, up from 5.0 months, signaling a shift toward a buyer-friendly environment.
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New Listings: 150, up 4.9%, increasing market activity.
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New Pending Sales: 73, unchanged, maintaining steady interest.
November 2024 in Martin County brought a wealth of opportunities for buyers and sellers. The single-family home market balanced increased inventory with adjusted prices, while the townhouse/condo segment saw significant sales growth paired with rising inventory. Whether you're exploring options or ready to list, Martin County’s dynamic landscape continues to thrive.
