MIAMI — Martin County total home sales increased year over year, according to April 2026 statistics released by MIAMI REALTORS® + RWorld, the MIAMI MLS and BeachesMLS.
Total home sales increased 22.7% year-over-year. Single-family home transactions rose 35.33%, while condo sales increased 3.6%.
“Martin County offers the best of small-town living with convenient access to the fasting growing metro in the United States,” JTHS-MIAMI President Jaime Kriske said. “Buyers are drawn to the area’s world-class fishing, parks, schools, and quality of life, while still having the option to easily drive or take the train to Fort Lauderdale or Miami.”
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 Martin County sales increased 22.7% year-over-year in April 2026, from 278 to 341.
Martin County single-family home sales increased 35.33% year-over-year in April 2026, from 167 to 226.
Martin County existing condo sales increased 3.60% year-over-year in April 2026, from 111 to 115.
The lack of Federal Housing Administration loans for many existing Miami condominium buildings is preventing further market strengthening. Of the 2,397 condominium buildings in Miami-Dade, Broward and Palm Beach counties, only 21 are approved for FHA loans, according to statistics from the U.S. Department of Housing and Urban Development.
Just 0.9% of South Florida condo buildings are approved for FHA loans.
Fannie Mae and Freddie Mac are eliminating the limited review option for many condo loans beginning Aug. 3, 2026. For decades, Florida condominium borrowers and owners faced stricter lending standards and higher financing hurdles than those in many other states. The updated guidelines are expected to create a more transparent and financially secure lending environment.
Martin County Single-Family Home Prices Rise
Martin County single-family home median sale prices increased 8.33% year-over-year in April 2026, from $600,000 to $650,000.
Condo prices decreased 8.93% year-over-year in April 2026, from $280,000 to $255,000. Condo inventory is declining year-over-year, which will put upward pressure on prices.
MIAMI REALTORS® + RWorld continues to support cross-sector stakeholder solutions – like removing obstacles to permitting and zoning, funding the Florida Hometown Heroes Program, and creating pathways for accessory dwelling units (ADUs) – to facilitate both the creation and preservation of safe and affordable housing.
Miami’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.
Miami 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 2026 Knight Frank Wealth Report. That is almost four times more than Monaco (16 square meters), nearly two times more than New York (34) and London (33) and more than Paris (37), Tokyo (37) 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 6.33% in April 2026.
“Macroeconomic conditions will likely remain challenging with mortgage rates likely to hit near 7% by mid-year if the US-Iran conflict lingers, but I expect South Florida’s housing market to remain resilient,” MIAMI REALTORS® Chief Economist Gay Cororaton said. “South Florida continues to attract out-of-state movers, second home buyers, or corporations who are seeing worsening tax conditions in their states.”
Total Martin County Inventory Declines
Total active listings at the end of April 2026 decreased 21.7% year-over-year, from 1,789 to 1,401. Decreasing supply means more buyer competition and upward price pressure.
Inventory of single-family homes decreased 25.10% year-over-year in April 2026 from 1,016 active listings last year to 761 last month.
Condominium inventory decreased 17.21% year-over-year in April 2026, from 773 to 640 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 4.2 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 1.47 million units, according to NAR. That is up 1.4% from April 2025. There is 4.4-month supply of unsold inventory, up from 4.3 months from one year ago.
Martin County Real Estate: $43 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 341 homes in April 2026 for a local economic impact of $43 million.
Martin County total dollar volume increased 29.37% year-over-year in April 2026 to $306 million.
Single-family home dollar volume increased 41.44% year-over-year to $267 million. Condo dollar volume decreased 20.52% year-over-year to $35 million.
Martin County Distressed Sales Remain at Historic Lows, Reflecting Healthy Market
Only 0.6% 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% and 0.6%, respectively, of total Martin County sales in April 2026.
State & National Sales
In Florida, closed sales of single-family homes statewide totaled 24,129 in April 2026, up 2.4% year-over-year, while existing condo-townhouse sales totaled 9,309, up 6.9%.
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 increased 0.2% year-over-year to a seasonally adjusted annual rate of 4.02 million, according to NAR. Median existing home prices increased to $417,700, up 0.9% from one year ago ($414,000) – the 34th 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 April 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 43 days, up from 37 days last year. The median time to sale for single-family homes was 85 days, up from 78 days last year.
The median number of days between the listing date and contract date for condos was 68 days, up from 61 days. The median number of days to sale for condos was 108 days, up from 89 days.
Martin County Cash Sales Nearly Double National Figure
Cash sales represented 49.3% of Martin County closed sales in April 2026, compared to 61.8% in April 2025. About 25% 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 61.7% of all Martin County existing condo sales and 42.9% of single-family transactions.
To access April 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 MIAMI REALTORS® + RWorld
MIAMI REALTORS® + RWorld 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 eight boards: MIAMI RESIDENTIAL, COMMERCIAL; BROWARD; JTHS; PALM BEACH; TREASURE COAST; YOUNG PROFESSIONALS NETWORK (YPN); and the Corporate Board of Directors. MIAMI REALTORS® + RWorld represent approximately 93,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local REALTOR® association in the world and has official partnerships with 302 international organizations worldwide. MIAMI REALTORS® + RWorld, along with their respective Multiple Listing Services, MIAMI MLS and BeachesMLS, merged on May 11, 2026 in the largest merger in NAR history. The organization’s proposed new name will be Miami and South Florida REALTORS®, pending approval by NAR. MIAMI’s official website is www.MiamiRealtors.com RWorld’s official website is www.RWorld.com
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