Stuart Florida Real Estate Trend Forming
May 13th, 2008
Stuart, FL - The numbers are in and it’s looking like another good month for the Martin County real estate market. April makes the third straight month in a row now that have seen an increase in residential home sales in Martin County. Now I’m no expert and I’m not a realtor, but I can spot a trend when I see one. One or even two months could be a possible fluke, but three months in a row is a trend and it’s headed in the right direction.
According to information released from the Realtor Association of Martin County, April has seen an increase in the dollar value of homes sold from a year ago of over 24 percent. The number of units sold, which may be a better indicator was flat at the same number of units sold last year. If nothing else, that means we may be at the bottom of the downward trend. The large percent increase in home values sold could be contributed to a small number of high dollar homes sold.
On the listing side, another good indicator of the market, the number of homes available for sale has dropped again this month by nearly 9 percent. The average asking price for the homes currently on the market have seen a decline of almost 3 percent this month which is down from an over 4 percent decline the month prior. Again I’m not an expert but this feels like it’s leveling off to me.
