Please feel free to call us if you need any assistance interpreting the graphs below. Current trend certainly indicate that the worst is over in the overall Martin County real estate market.
Martin County Residential Data
(Single Family Homes)
The Definition of Absorption Rate:
Number of months 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 Condominium Statistics