Condominium Market Report for April 2011 in Martin County, Florida
Corresponding fairly closely to the residential Martin County Market Report, condo sales were off from a year ago as well as from last month. Possibly due in small measure to the coming end of the season, but not completely as it takes some time for transactions to close, typically from 30 to 60 days. So, April sales actually represent contracts written in February and March. Historically, April sales are typically slightly less than March. Inventory had a small decline and we are back to inventory levels last seen in November of 2005. Unfortunately, both median and average sales prices are still decreasing. The one-month absorption rate is back up to 14.8 months for April.
Condominium Market Report for April 2011 in Martin County, Florida
the Gabe Sanders real estate team
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties
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