Stuart Florida Market Report ZIP Code 34997 – Condo, July 2012
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2012
For July 2012 in the 34997 Zip Code area of Stuart, Florida :
There are currently 100 active condo listings (A decrease of 9 condo form June).
28 Condo sales are pending and awaiting close or lender approval (Up 2 condos from June).
13 Condos Sold in July (An increase of 3 condos from June).
Bucking the trend for the other condo markets in Martin County, the Stuart condo market for the area in ZIP code 34997 had excellent numbers for July of 2012. Inventory is now down to only 100 units while both pending and closed sales rose.
The one month absorption rate is at 7.7 months. Still a slight buyers market, as a six moth absorption rate typically signifies a balanced market favoring neither the seller or buyer.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2012
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Stuart, FL 34996
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