Here is the market report data for the year to date so far in 2012 and activity is definitely looking up on the Treasure Coast.
Over 50% of everything listed has sold this year so far. That is wonderful news compared to the last few years.
| Jan-12Feb-12Mar-12Apr-12 | ||||
| # Months Inventory | 11.29 | 9.5 | 20.11 | 169 |
| # Active Listings | 158 | 171 | 181 | 169 |
| # Sold Listings | 14 | 18 | 9 | 1 |
| Absorption Rate | 14 | 18 | 9 | 1 |
The only confusion with this report is that CONTINGENCY in our market is still considered ACTIVE even though that is an interchangable term for PENDING, hence the high absorbsion rate. There is actually 57 CONTINGENT and pending, which equates to to less than 4 months absorbsion rate.
The reality is our sales are rocking and our prices are rising, so if you are looking for your piece of Treasure on the Treasure Coast, call me today or search my website at www.SearchforSouthFloridaHome.Com.
If you are ready to SELL YOUR HOME today, call your local market expert, Kevin B Tolbert PA GRI CDPE at 772-834-0099.
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