Residential Market Report for July 2010 in Martin County, Florida

Residential Market Report for July 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single family homes and townhomes as reported by the Realtor Association of Martin County.

After 4 months of impressive gains the volume of sales and steady to increasing average sales prices, July 2010 brought a small setback in the trend.  Hopefully most of the weakening can be attributed to the seasonal nature of real estate in Martin County.  Only time will tell if that’s the case or a result of a slowing economic recovery.

The July, 2010 charts follow:

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 real estate 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 Residential Homes Sold vs. Listed (Average Price)

Martin County Residential Homes Sold vs. Listed Trend (Average Price)

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Residential Market Report for July 2010 in Martin County, Florida