Residential Market Report for October 2010 in Martin County, Florida

Residential Market Report for October 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single family homes and town homes as reported by the Realtor Association of Martin County.

Sales of residential units in Martin County were remained basically unchanged from last month in volume while down from October of 2009 from 133 units to 114 units for this October.  The home owners tax credit was in force and this certainly had an effect on the higher sales volume of last year..

Average sales prices took another dip this month  while listing prices have risen slightly.  Inventory has basically remained unchanged from last year and with sales down the absorption rate is once again high ( almost 16 months) and in very unattractive levels. Barring any unforeseen external economic events, we are expecting a modest increase in sales volume after the holidays as the current buying environment is very positive with some of the best values available.  If there’s any hint of inflation and the corresponding increase in mortgage interest rates we expect a fairly strong increase in activity, unfortunately for sellers with no corresponding increase in price  s

The current charts follow:

Martin County Residential Data
(Single Family Homes)

Martin County Market Report Residential Sales Absorption Rate

The Definition of Absorption Rate:
Number of weeks 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.

Data compiled from the Realtor Association of Martin County

Residential Market Report for October 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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    […] This post was mentioned on Twitter by Treasure Coast FL, Stuart FL News and Crystal Lynn, Port Saint Lucie. Port Saint Lucie said: Data compiled from the Realtor Association of Martin County. See the full set of charts at Treasure Coast FL Homes…. http://dlvr.it/8yWcL […]

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