Hobe Sound FL 33455 Condo Market Report February 2018
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2018
For February 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 10 active condo listings. (Decreased by 2 condos from January)
4 Condos are pending and awaiting close. (Down by 1 condo from January)
1 Condos sold in February. (Decreased by 3 condos from January)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory, pending sales and closed sales all decreased for February.
The absorption rate for Hobe Sound condos was 10.0 months for February as compared to 3.o months in January). 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 in 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 February 2017 numbers were: 13 active listings, 6 pending sales, and 2 closed sales. Stronger activity last year for Hobe Sound condos.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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