Martin County Florida Residential Market Report for November 2011

The Martin County Florida residential market report for November 2011 continues to show improved momentum and resiliency.   Sales volume (135 units) was up as compared to both last year (112) and last month (113).  The one-month absorption rate is down to just above 10 months.  This is the best value since the current housing difficulties started.

The average sales price was up from last year, while the median is unchanged. Listing prices on average are down by a small amount as well.   There was a small increase in inventory as many sellers are finally realizing that prices will not be rebounding to the levels they were hoping for and too many uncertainties remain in the economy to wait it out if they want to move on with their lives.

Our outlook for Martin County remains cautiously optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly.  Buyers are seeing historically low-interest rates and very affordable quality homes in almost all price ranges.

Please feel free to contact us if you have any difficulty interpreting these charts.

Residential Market Report for November 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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