The facts and trends are in for Coconut Grove Real Estate for May, 2008. It seems that the market is not getting any worse and is hovering around the same data points. Does it mean the market is bottoming out? Perhaps, although we won't know exactly when we hit bottom until we are on our way back to the top.
Here are the Coconut Grove market statistics for May of 2008:
- 11 Closed Single Family Homes
- 19 Pended Single Family Homes
- 31 Absorption Rate for Single Family Homes
- 18 Months of Inventory for Single Family Homes
- Single Family Homes Average Price Per Square Foot is $348
For the charts on last month's numbers and information going back to March of 2007, click here.
Also, for Coconut Grove Condo and Townhouse statistics click here.
Riley Smith
Coconut Grove Real Estate Specialist
"Cracking Open the Coconut Grove Real Estate Market"
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