Condominium Market Report for February 2011 in Martin County, Florida
Condo sales for February improved from January and matched the good numbers we had in December. Median prices declined a bit but show some signs that price declines have moderated considerably. Inventory is basically unchanged from last month, which remains at a low point for the past few years. The 3 month absorption rate remains high at 15.5 months. Most experts feel a balanced market is reflected by a 6 month absorption rate, so we still have a long way to go.
Condominium Market Report for February 2011 in Martin County, Florida
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