Martin County Real Estate Market Update – February 2026

Martin County Real Estate Statistics

Martin County is showing a very interesting shift this month. Prices are down, inventory has tightened significantly, and homes are taking longer to sell — yet pending sales are rising. This is a market that’s adjusting on price while quietly building momentum underneath.

Let’s break it down.

Market Breakdown – February 2026 vs. February 2025

Median Sale Price: $544,500
🔻 Down 16% year-over-year
This is a notable drop in median price. As we’ve seen before, this often reflects a change in the mix of homes sold (fewer higher-end transactions), rather than a collapse in demand. Especially given the strength in pending sales, this looks more like a recalibration than a slowdown.

Closed Sales: 152 homes
🔻 Down 1% year-over-year
Closings are essentially flat. Buyers are still active — just not accelerating yet at the closing stage.

Active Inventory: 815 homes
🔻 Down 16% year-over-year
Inventory has tightened significantly. Fewer homes on the market creates less competition and sets the stage for stronger pricing ahead.

Pending Sales: 209 contracts
📈 Up 19% year-over-year
This is the key stat. Contracts are rising sharply, indicating that buyer demand is picking up right now, even if it hasn’t fully shown up in closed sales yet.

Months of Inventory: 4.7 months
🔻 Down 20% year-over-year
This is a meaningful shift toward a seller-leaning market. With inventory under 5 months, conditions are tightening.

Days on Market: 72 days
📈 Up 80% year-over-year
This is the outlier. Homes are taking significantly longer to sell, suggesting buyers are being highly selective — likely due to pricing expectations or property condition.

New Listings: 218
🔻 Down 25% year-over-year
A sharp drop in new listings means fewer fresh options coming to market — which could further tighten supply in the coming months.

What This Means for You

Buyers:
You have a bit of time to evaluate — but that window may close quickly. Inventory is shrinking and contracts are rising, which could shift conditions fast.

Sellers:
Supply is tightening, which is in your favor — but buyers are clearly selective. Pricing correctly is critical, especially with longer days on market.

Investors:
This is a nuanced market. Price adjustments combined with tightening inventory and rising contracts could present well-timed buying opportunities.

Final Thoughts

Martin County is in a transition phase. While headline prices are down, the underlying indicators — especially pending sales and shrinking inventory — point toward strength building beneath the surface.

This is a market to watch closely over the next 60–90 days.

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