Stuart FL 34996 Residential Market Report February 2017
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2017
For February 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 166 active listings (Down by 14 homes from January).
61 Residential sales are pending and awaiting close or lender approval (Up by 18 homes from January).
12 Homes Sold in February (Increased by 2 homes from January).
The 34996 zip code area of the Stuart Florida residential real estate market rebounded for February 2017 with an decrease in inventory and an increase in closed sales as well as future sales (pendings).
The one month absorption rate for the 34996 zip code area of Stuart Florida for February jumped to 13.8 months as compared to January’s 18.0 months. Still a strong buyers’ market for the 34996 zip code area of Stuart FL but tending towards a balanced market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for February of 2016 were: 154 active listings, 55 pending sales and 12 closed sales. Better pending activity this year with the same volume of closed sales as last year.
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