Condominium Market Report for August 2010 in Martin County, Florida
Unfortunately, I think there’s a fairly high shadow inventory of condos with the owners waiting to see what the market does. Should there be any sign of an upturn, these units will enter the market creating more supply which will negatively impact prices further. The best opportunity for this segment of the market is a rebound in the economy which for the moment doesn’t seem to be near at hand.
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Condominium Market Report for August 2010 in Martin County, Florida