Sewalls Point Single Family Market Report February 2018
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 February 2018 Sewalls Point Real Estate Snapshot, Residential Sales for February 2018 There are currently 50 active listings (No change in active listings from last month) 11 home sales are pending and awaiting close or lender approval (Increased by 1 homes from January) 3 Homes sold in June (Decreased by 3 homes sales from January) The single-family real estate market in Sewalls Point had weaker sales results as compared to both last month and last year. The inventory of available homes continues to be an issue being at very low levels. The absorption rate jumped to 16.7 months, in January was 8.3 months. Going back towards a stronger buyer’s market for Sewalls Point single-family homes. A 6 to 7-month absorption rate is considered a balan...
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