2017 Martin County Year End Real Estate Market Report
Buyers Need to Prepare to Act Quick for Martin County Properties
The Martin County housing market showed steady gains in 2017, with average prices increasingly slightly for most property types and ranges. A tightening of inventory has tempered sales for single family homes but has also caused a decrease in the number of days on market. So homes, if they are priced right, will sell quickly. Pricing remains key, favoring buyers who are prepared with cash offers or strong pre-approvals. That, along with a continued low interest rate, bodes well for those looking to relocate to their own piece of paradise. According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.95 percent in December 2017, down from the 4.20 percent averaged during the same month a year earlier. With sales healthy and with a continued lack of inventory, it is likely that you’ve regained significant equity.