Sewalls Point Single Family Market Report January 2017
By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Sewalls Point Single Family Market Report January 2017 Sewalls Point Real Estate Snapshot, Residential Sales for January 2017 There are currently 67 active listings (Up by 5 homes since last month) 11 home sales are pending and awaiting close or lender approval (Increased by 1 home from December) 4 Homes sold in December (Decreased by 7 homes sales from December) The single family real estate market in Sewalls Point retreated dramatically after a strong December. Inventory rose while closed sales were way off. The current absorption rate shot up to 16.8 months, in December it was 5.6 months. Quite the see-saw ride for the Sewalls Point real estate market going back into a buyers’ market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buy...
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