Martin County Real Estate Update for May from Luxury Partners

Luxury Partners is pleased to offer the May market update for Martin County. Closed sales are down by a nominal 2.6% and sales prices are roughly the same with a 1.1% drop and median days on the market are down by 15.8%. Inventory is constricted and down by 23.5 % and months supply even more constricted and down by 35.6%. This translates into slower home sales because there are less Martin county single family homes available on the market. Homes are selling quickly when priced correctly, making it the market favorable to sellers and buyers, as prices are not up significantly.

Martin County condominiums sales are down 4.7% with the median price up significantly by 38% and days on the market down by 40.3%. Inventory is also constricted and down by 25% with monthly supply down by 31.8%. The condominium demand in Martin County is very high and prices are up considerably making this a very favorable time to sell your condominium in half the amount of time it would take in 2014. If you are looking to sell your Martin County condominium or home, contact Luxury Partners Today!