Below are the latest charts for Martin County Residential (Single Family) real estate statistics as reported by the Realtor Association of Martin County.
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.
Our inventory continues to decline and prices have leveled off and in certain isolated neighborhoods have begun to rise. We may very well be past the bottom. Careful monitoring of future trend datat will give us the answers.
Gabe Sanders and Susan Maxwell
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties
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GABE SANDERS, e-PRO, REALTOR - Serving Stuart Florida - Martin County and Port St. Lucie buyers and sellers. Exceeding Expectations is our motto. Call for a free no obligation consultation.
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