Condominium Market Report for July 2010 in Martin County, Florida

August 25, 2010 By Leave a Comment

Condominium for July 2010 in Martin County,

The July condominium numbers reflect a fairly sharp downturn in sales from the previous months and a slight decrease from last year.  Much of the decline can be attributed to the normal seasonal decline, but some of the disappointing numbers are probably because of a weaker than anticipated economic recovery.

Fairly disappointing across the board with a decline in median prices, volume and an increase in inventory.  It still remains a buyer’s market for condominiums in Martin County.

The July charts follow:

Martin County Condominiu Absorption Rate

The Definition of Absorption Rate:
Number of weeks it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Martin County Condo Sales vs. Listed Numbers

Martin County: Number of Condos Sold vs. Listed

Martin County Condo Median Price

Martin County: Median Price of Condos Sold vs Listed

Martin County Condo: Price Trend Graph

Martin County – Median Price Trend Graph

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Condominium for July 2010 in Martin County,

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