Martin County Market Report Analysis - Condos through February 2010

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

The Condo market in Martin County, Florida is maintaining excellent momentum this season with regards to volume.  Sales numbers remain up and inventory and absorption rates are both down.  Prices, however continue to decline.  If we haven't hit the bottom, we are very close.

Martin County Condo 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.

Martin County Condo Volume Chart

Martin County Condo Price Comparisons Chart

Martin County Condo Trend Chart

 

 

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Topic:
Real Estate Market Trends
Location:
Florida Martin County
Groups:
1st Time Buyers
Market Reports
Advice for Sellers
Advice for Buyers
Tags:
sales
listings
martin county condominium market report

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Ambassador
2,239,285
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Gabe, It's great to see condo sales are up. It should be interesting to see the changes in the market once it does hit bottom. Have a fabulous Friday!

Mar 19, 2010 02:33 AM #1
Rainmaker
3,248,735
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Gabe

Thanks for sharing the Martin County market update, the market is moving in the right direction.

Good luck and success.

Lou Ludwig

Mar 19, 2010 03:24 AM #2
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks Wanda and Lou.

Mar 19, 2010 04:50 AM #3
Rainmaker
382,670
Matt Listro
National Credit Fixers - Matt Listro - Vernon, CT
Your Credit Repair Expert

Hi Gabe: Thanks for the market update - you have the best graphs!

:)

Mar 22, 2010 03:14 AM #4
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading.  You can find additional Stuart FL real estate information by clicking here.

Jun 10, 2015 03:17 AM #5
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Wanda, thanks for taking the time to comment it is always appreciated.

Jan 29, 2018 05:57 AM #6
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Lou, thanks for taking the time to comment it is always appreciated.

Jan 29, 2018 05:57 AM #7
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Matt, thanks for taking the time to comment it is always appreciated.

Jan 29, 2018 05:57 AM #8
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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