MIAMI — Martin County total home sales increased year over year, according to March 2026 statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS).
Total home sales increased 28.8% year-over-year, from 267 to 344.
“Martin County and Stuart real estate are consistently ranked among America’s top small-town markets, but they offer so much more,” JTHS-MIAMI President Jaime Kriske said. “Buyers are drawn by the area’s exceptional quality of life, relative affordability, and strong long-term investment potential.”
Top Martin County rankings:
- Martin County ranked #7 Best County for Retirees in America via Niche
- Stuart is ranked #7 Best Coastal Small Town in America via USA TODAY 10BEST Readers’ Choice Awards
- Florida ranks No. 2 Fishing State in the U.S. via Stuart, which has hosted major sailfish tournaments since the 1930s, is internationally recognized as the Sailfish Capital of the World
Martin County Total Sales Rise
Total home sales increased 28.8% year-over-year, from 267 to 344.
Martin County single-family home sales increased 21.39% year-over-year in March 2026, from 173 to 210.
Martin County existing condo sales increased 42.55% year-over-year in March 2026, from 94 to 134.
Martin County Median Home Sale Prices
Martin County condo prices decreased 2.81% year-over-year in March 2026, from $267,000 to $259,500.
Martin County single-family home median sale prices increased 2.75% year-over-year in March 2026, from $590,000 to $606,250.
South Florida’s surging multifamily market and the Florida Live Local Act should boost affordability in the future. Southeast Florida ranks No. 1 in the U.S. for most multifamily construction, according to MIAMI REALTORS® Research. This is important because it adds more overall housing/apartment supply to a city, creates more affordability and adds to Miami’s economic growth.
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.
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.
Mortgage Rates Forecasted to Increase Due to Geopolitical Events
Mortgage rates are trending up because of inflation, the Iran war and current geopolitical events. According to Freddie Mac, the 30-year fixed-rate mortgage was 6.18% in March 2026.
“Amid more challenging macroeconomic conditions, it’s fair to expect South Florida’s housing market to be more resilient than the national housing market due to sustained wealth migration,” MIAMI REALTORS® Chief Economist Gay Cororaton said. “South Florida has a larger presence of high-end cash buyers that make up over half of the market and who are less sensitive to rising mortgage rates.”
Total Martin County Inventory Declines
Total active listings at the end of March 2026 decreased 21.1% year-over-year, from 1,789 to 1,411. Decreasing supply means more buyer competition and upward price pressure.
Inventory of single-family homes decreased 22.69% year-over-year in March 2026 from 1,005 active listings last year to 777 last month.
Condominium inventory decreased 19.13% year-over-year in March 2026, from 784 to 634 listings during the same period in 2025, but the total is still significantly below pre-pandemic.
Months’ supply of inventory for single-family homes is 4.4 months, which indicates a seller’s market. Inventory for existing condominiums is 7.3 months, which indicates a balanced market. A balanced market between buyers and sellers offers between six- and nine-months supply.
Nationally, total housing inventory is 1.36 million units, according to NAR. That is up 2.3% from March 2025. There is 4.1-month supply of unsold inventory, up from 4 months from one year ago.
Martin County Real Estate: $44 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 344 homes in March 2026 for a local economic impact of $44 million.
Martin County total dollar volume increased 5.99% year-over-year in March 2026 to $225 million.
Single-family home dollar volume increased 0.78% year-over-year to $181 million. Condo dollar volume increased 35.25% year-over-year to $42 million.
Martin County Distressed Sales Remain at Historic Lows, Reflecting Healthy Market
Only 0.9% of all closed residential sales in Martin County were distressed last month, including REO (bank-owned properties) and short sales.
Short sales and REOs accounted for 0.3% and 0.6%, respectively, of total Martin County sales in March 2026.
National Sales Decline Year over Year
In Florida, closed sales of single-family homes statewide totaled 24,497 in March 2026, up 5.9% year-over-year, while existing condo-townhouse sales totaled 9,423, up 12%.
The statewide median sales price for single-family existing homes was $420,000, up 1.8% year-over-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 $315,000, even vs. last year. The median is the midpoint; half the homes sold for more, half for less.
Nationally, total existing home sales decreased 1% year-over-year to a seasonally adjusted annual rate of 3.98 million, according to NAR. Median existing home prices increased to $408,800, up 1.4% from one year ago ($403,100) – the 33rd consecutive month of year-over-year price increases.
Martin County Real Estate Attracting Near List Price
The median percent of original list price received for single-family homes was 94% in March 2026. The median percent of original list price received for existing condominiums was 92%.
The median number of days between listing and contract dates for Martin County single-family home sales was 58 days, up from 41 days last year. The median time to sale for single-family homes was 99 days, up from 83 days last year.
The median number of days between the listing date and contract date for condos was 75 days, up from 73days. The median number of days to sale for condos was 108 days, up from 114 days.
Martin County Cash Sales More than National Figure
Cash sales represented 48.8% of Martin County closed sales in March 2026, compared to 61.8% in March 2025. About 27% 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 56.7% of all Martin County existing condo sales and 43.8% of single-family transactions.
To access March 2026 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 106 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 60,000 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 301 international organizations worldwide. MIAMI’s official website is www.MiamiRealtors.com
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