Released on = April 4, 2007, 12:50 pm

Press Release Author = Gabe Sanders / Premier Realty Group

Industry = Real Estate

Press Release Summary = MARTIN COUNTY RESIDENTIAL HOUSING MARKET CONTINUES TO FEEL
THE EFFECTS OF A MARKET SLOWDOWN

Press Release Body = The REALTOR® Association of Martin County has reported the
following February residential sales. The charts below show some very misleading
figures. There is an increase in average sales price for both single family homes
and condos this past month. This would lead many to believe that prices are once
again appreciating. Unfortunately with the reduced volume, the higher priced
segment of the market is skewing the results.

In the condo market, the biggest rise in inventory is low priced older
non-waterfront units where the rise in taxes and insurance has priced many fixed
income and secondary residents out of the market. The prices on these units have
dropped dramatically as there is very little demand to pick up the excess inventory.


Probably the best indicator for the health of the local market is the months
inventory on hand, currently over 2 ½ years for single family homes and over 3 years
for condos.

All Categories February 2007 February 2006 % Change from 2006
Total Sales 129 162 -26%
Single Family Sales 92 114 -24%
Total Dollar Volume $39,338,350 $43,090,200 -10%
Average Sales Price $427,591 $381,329 +12%
Median Sales Price $265,250 $330,000 -24%
Active Listings 2930 2485 +18%
Months inventory* 31.85 21.80 +46%
Total Condo Sales 37 48 -30%
Total Dollar Volume (Condo) $13,442,508 $12,511,700 +7%
Average Sales Price (Condo) $363,311 $339,405 +7%
Median Sales Price (Condo) $285,000 $259,000 +10%
Active Listings 1431 1109 +29%
Months inventory* (Condo) 38.68 23.10 +59%

* Months inventory estimates the number of months it will take to deplete current
active inventory based on the current sales activity.

For questions or comments please contact Gabe Sanders through either
www.StuartRealEstateAgent.com or www.GabeSanders.com .


Web Site = http://www.StuartReal EstateAgent.com

Contact Details = Premier Realty Group
2 N. Sewall\'s Point Road
Stuart, FL, 34996
(772) 323-6996