MIAMI — Martin County total home sales surged year-over-year in August 2025, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS).
Martin County total home sales increased 28.6% year-over-year in August 2025, from 220 to 283.
“Stuart and Martin County real estate offers an incredible value proposition to those who want a small town feel with the proximity to a major metro,” JTHS-MIAMI President Ginenne Boehm said.
Martin Single-Family Home Sales Increase
Martin County single-family home sales increased 32.47% year-over-year in August 2025, from 154 to 204.
Martin County total condo sales surged 19.70% year-over-year in August 2025, from 66 to 79.
Martin County Single-Family Home Prices Rise
Martin County single-family home median sale prices increased 0.87% year-over-year in August 2025, from $577,500 to $582,500.
Martin County existing condo median prices decreased 20.69% year-over-year in August 2025, from $290,000 to $230,000.
South Florida remains a bargain in comparison to other global cities. For $1M, homebuyers can purchase 58 square meters of prime property in Miami, according to the 2025 Knight Frank Wealth Report. That is almost four times more than Monaco (19 square meters), nearly two times more than New York (34) and London (34) and more than Paris, Sydney, Tokyo and more.
South Florida Real Estate Home Equity & Appreciation is Nearly 2X the National Figure
Home equity is crucial for wealth building, provides a financial safety net, investment opportunities, refinancing options and more.
South Florida’s home equity gains are nearly two times the national figure. Home equity gains on a Miami single-family home purchased in Q4 2009 and sold in Q4 2024 is $555,900 versus the U.S. average at $306,600, according to MIAMI REALTORS® Research.
Home equity gains on a Miami condo purchased in Q4 2009 and sold in Q4 2024 is $342,600 versus the U.S. average of $252,000.
Over the last five years, the average homeowner’s wealth has increased by $140,900, according to NAR. Research also shows a growing wealth gap between owners and renters: Based on the latest Federal Reserve Survey of Consumer Finance, NAR projected in March that homeowners’ median net worth would reach $430,000 in 2025 versus $10,000 for renters.
Florida’s Live Local Act, which was passed in 2023 and amended in May 2024, is encouraging developers to build more affordable housing. The Live Local Act gives developers the highest density allowed in a local area if they allocate 40% of its units for affordable housing. The state law defines an affordable unit as being at or below 120% of an area’s median income.
Fed Finally Cuts Rates; Mortgage Rates Declining
The Fed cut rates by 25 basis points last week, with Fed Chair Jerome Powell signaling the possibility of two more cuts before year-end. South Florida’s luxury market soared with elevated rates. With rates declining, it only merits reason a high-demand, low-supply market like South Florida will shine with a reduction in mortgage rates.
According to Freddie Mac, the 30-year fixed-rate mortgage was 6.26% on Sept. 18, 2025.
“The Miami market area’s housing outlook is only poised to turn even brighter as mortgage rates continue to head to 6% by year-end in the wake of the Fed’s latest rate cut,” MIAMI REALTORS® Chief Economist Gay Cororaton said. “In August, we saw buyer momentum and confidence building up based on several indicators: more pending sales for both single-family and condo than last year, peak inventory levels starting to come down, and single-family prices up broadly from one year ago.”
Total Martin County Inventory Below Pre-Pandemic; New Listings Drop
New listings continue to fall each month and active listings are not growing as fast as they were at the start of the year.
Total active listings at the end of August 2025 increased 14.8% year-over-year, from 1,252 to 1,437. Homebuyers are in a great position to find the right home and negotiate for a better price.
New listings for all Martin County properties decreased 9.97%, from 381 to 343. This shows there is no rush to list and that the rise in active listings could decline in the future.
Inventory of single-family homes increased 15.43% year-over-year in August 2025 from 713 active listings last year to 823 last month.
Condominium inventory increased 13.91% year-over-year in August 2025, from 539 to 614 listings during the same period in 2024, but the total is still significantly below pre-pandemic.
Months’ supply of inventory for single-family homes is 5.1 months, which indicates a seller’s market. Inventory for existing condominiums is 8.1 months, which indicates a balanced market. A balanced market between buyers and sellers offers between six- and nine-months supply.
Martin County Real Estate: $36.5 Million in Local Economic Impact
Every time a home is sold it impacts the economy: income generated from real estate industries (commissions, fees and moving expenses), expenditures related to home purchase (furniture and remodeling expenses), multiplier of housing related expenditures (income earned as a result of a home sale is re-circulated into the economy) and new construction (additional home sales induce added home production).
The total economic impact of a typical Florida home sale is $129,000, according to NAR. Martin County sold 283 homes in August 2025 for a local economic impact of $36.5 million.
Martin County total dollar volume increased 72.14% year-over-year in August 2025 to $231 million.
Single-family home dollar volume increased 85.74% year-over-year to $206 million. Condo dollar volume increased 5.94% year-over-year to $22 million.
Martin County Distressed Sales Remain at Historic Lows, Reflecting Healthy Market
Only 0.7% of all closed residential sales in Martin County were distressed last month, including REO (bank-owned properties) and short sales, versus 0.5% in August 2024.
Short sales and REOs accounted for 0% and 0.7%, respectively, of total Martin County sales in August 2025.
Martin County’s percentage of distressed sales are less than the national figure. Nationally, distressed sales have averaged 2%.
State Statistics
In Florida, closed sales of single-family homes statewide totaled 21,798 in August 2025, down 3.9% year-over-year, while existing condo-townhouse sales totaled 7,424, down 6%.
The statewide median sales price for single-family existing homes was $410,000, down 0.4% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $290,000, down 6.5% vs. last year. The median is the midpoint; half the homes sold for more, half for less.
Martin County Real Estate Attracting Near List Price
The median percent of original list price received for single-family homes was 92% in August 2025. The median percent of original list price received for existing condominiums was 88%.
The median number of days between listing and contract dates for Martin County single-family home sales was 77 days, up from 48 days last year. The median time to sale for single-family homes was 119 days, up from 87 days last year.
The median number of days between the listing date and contract date for condos was 90 days, up from 59 days. The median number of days to sale for condos was 118 days, up from 114 days.
Martin County Cash Sales More than National Figure
Cash sales represented 43.8% of Martin County closed sales in August 2025, compared to 44.1% in August 2024. About 20% of U.S. home sales are made in cash, according to the latest NAR statistics.
Cash buyers are not deterred by rising rates. The high percentage of cash buyers reflects South Florida’s top position as the preeminent American real estate market for foreign buyers, who tend to purchase with all cash as well as some moving from more expensive U.S. markets who can buy more with their profits from real estate sales.
Cash sales accounted for 42.2% of all Martin County existing condo sales and 48.1% of single-family transactions.
To access August 2025 Martin County Statistical Reports, visit http://www.SFMarketIntel.com
Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.
About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® (MIAMI) was chartered by the NATIONAL ASSOCIATION OF REALTORS® in 1920, and is celebrating 105 years of service to REALTOR® members, the buying and selling public, and the communities in South Florida. Composed of six boards: MIAMI- RESIDENTIAL, MIAMI- COMMERCIAL; BROWARD-MIAMI, a division of MIAMI REALTORS®; JTHS-MIAMI, a division of MIAMI REALTORS® in the Jupiter-Tequesta-Hobe Sound area; MIAMI YPN, our Young Professionals Network Council; and the Corporate Board of Directors. MIAMI REALTORS® represent 58,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local REALTOR® association in the U.S. and has official partnerships with 288 international organizations worldwide. MIAMI’s official website is www.MiamiRealtors.com
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