Hobe Sound FL 33455 Condo Market Report May 2017
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for May 2017
For May 2017 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 16 active condo listings. (Increased by 1 condos from April)
5 Condos are pending and awaiting close. (Down by 1 condo from April)
2 Condos sold in May. (Decreased by 2 condos from April)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Closed sales were off for this month, but overall the market activity is still very good.
The absorption rate for Hobe Sound condos decreased to 8 months for May (was 3.8 in April). Back into a buyers’ market for Hobe Sound condos. Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The May 2016 numbers were: 5 active listings, 7 pending sales and 0 closed sales. Better activity this year as the inventory has just about tripled.
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report May 2017
Leave a Reply