Condominium Market Report for May 2011 in Martin County, Florida
The Martin County market activity in the condo real estate segment of the market remains fairly positive as to numbers. Sales were just about unchanged from last year (up 1 unit), which was artificially inflated by the government’s first-time buyers assistance program. Inventory levels dropped again and continues a positive trend. Less inventory means less supply. If demand picks up at all in the near future, this will signal the start of rising prices. Unfortunately, at present, prices are still falling, though not nearly as severely as in the past few years. One month absorption rate is at 12 months, a good improvement from last year’s 15 months.
Condominium Market Report for May 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
For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!
Leave a Reply