Number of luxury home sales surge 366% in Martin County

“Florida Realtors® reports a remarkable jump in Martin County’s average home price for the month of September to $437,996, up 40% from the previous year.

This surge in pricing can be attributed to the incredible increase in the number of properties that sold for over a million dollars; there were 14 to be exact, which is a 366% increase year-over-year.

While our overall pace of sales remained typical for this time of year, our median days on market decreased 43%, leaving us with only a 4.5 months’ supply of inventory.

Prospective buyers and sellers may ask, will these trends continue?

Only time will tell, but snowfall has already been recorded up North, and local REALTORS® agree that nothing could be more beneficial to Martin County real estate sales than another brutal, northern winter.”

For more: http://www.rapb.com/docs/news/09-2015-mc-market-update—file.pdf?sfvrsn=12

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