Winter 2012 Market Update
Now is an exceptional time to buy a home in Palm City. Low rates with stabilizing home prices makes a home purchase a great value! Call now for more information at 772-323-6862

Average Home Price $250,000 - View Graph Trend
Average Price Compared to Last Year Down 5-10%
Average Time on Market 60-90 days
Best Selling Price Range$200,000 - $249,000
Worst Selling Price Range$850,000 - $899,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?No Change
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Palm City isIncreasing
Seller Activity for the past 90 days in Palm City is?Decreasing
Multiple Offers?Yes
Multiple Offers CommentaryOn a very limited number of REOs and Short sales
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?10-15%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Inventory CommentsA good selection of homes available starting at 150,000
Greatest Activity Repeat Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Palm City!
Nearest Metro AreaPort St Lucie
Housing Hot SpotsMost cities within the Martin County area are considered 'Housing Hotspots'
Average Sold Price $250,000 - View Graph Trend

Palm City Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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