Condominium Market Report for January 2011 in Martin County, Florida
Condo sales for January were off slightly from December but remained fairly strong by seasonal measurements. All indications are for a fairly active spring as prices remain low, interest rates are still very attractive and sure seem to be heading higher fairly soon. Additionally, a very miserable winter up north has renewed interest in the Sunshine State. A higher price point of condo sales in January saw a marked jump in median prices. It would be nice to see if this trend were to continue, but we remain a bit dubious about this. Inventory levels are down to 774 units. This is the lowest since December of 2005. As the supply shrinks, demand should increase.
Condominium Market Report for January 2011 in Martin County, Florida
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Waterfront and Golf Course Communities in Martin and Saint Lucie Counties
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Although listing prices are in a stable downward trend, there is still great volatility in the median sales price. Great info, please keep it coming.