Condominium Market Report for December 2010 in Martin County, Florida

Condominium Market Report for December 2010 in Martin County, Florida

For the first time in many years, condo sales have remained quite strong through the holiday season. All very positive news as for sales volume.  Unfortunately, median prices took a large hit this past month.  This is due mostly because the condos that sold are the more modestly priced ones available on the market as seasonal visitors appear to be interested in finding the excellent bargains available in this market.

Martin County Condominium Statistics

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The Definition of Absorption Rate:
Number of months 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.

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See the full set of charts at Treasure Coast FL Homes

Condominium Market Report for December 2010 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

For more information about Florida’s Treasure Coast Real Estate, visit us at:
Stuart Florida Real Estate
or Treasure Coast FL Homes

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