Released on: July 14, 2008, 3:33 pm

Press Release Author: Gabe Sanders/www.GabeSanders.com

Industry: Real Estate

Press Release Summary: Home and Condo sales statistics for June 2008 in Martin
County, Florida

Press Release Body: Martin County Florida's single family home inventory in June
declined for the fifth consecutive month, which is an indication of market
improvement.

There are 2409 homes available through the Multiple Listing Service, a decrease of
71 homes from the previous month and 495 since January 2008. The month-to-month
inventory declined 20.5 percent since January.

The current inventory reflects a 16-month supply at the current sales pace.

Martin County had 152 single family home sales in June, a 5 percent improvement from
the 144 home sales in the month prior, and 12 percent above the 134 homes sold in
June 2007.

To date, 754 homes have been sold by Realtors so far this year, a 4.3 percent
increase from the 722 sales posted in the same period a year ago.
The median sales price of a home in Martin County in June fell to $234,950, a 3.1
percent increase over May\'s $227,500, but 32.5 percent below the June 2007\'s
$337,000.

Condos sales in Martin County increased 22.2 percent in June, from 35 in June 2007
to 45 last month. Condo median prices fell 30.7 percent from $260,000 in June 2007
to $180,000 for June of 2008.

There are currently 1168 condos available for sale in the MLS as compared to 1281 in
June of 2007.

These numbers show signs of positive activity in home and condo sales while showing
that we're not at the end of price declines yet. If inventory levels continue their
decline, we should see a leveling of prices when absorption rates reach less than 9
months.

Understanding real estate dilemmas and their solutions is our business, and we'll
happily share our knowledge with you. Why not give us a call at (772) 323-6996 or
visit us on the web at www.GabeSanders.com and www.TreasureCoastFLHomes.com. Our
office is located at 2 N. Sewalls Point Rd. in Stuart, Florida (Sewall's Point);
please ask for Gabe Sanders or Susan Maxwell.


Web Site: http://www.GabeSanders.com

Contact Details: Gabe Sanders - e-PRO, REALTOR
Premier Realty Group
(772) 323-6996 Direct
(772) 287-1777 Office
(800) 915-8517 Toll Free
(772) 287-2667 Fax
www.GabeSanders.com
www.TreasureCoastFLHomes.com