Hobe Sound FL 33455 Condo Market Report June 2017
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2017
For June 2017 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 15 active condo listings. (Decreased by 1 condos from May)
4 Condos are pending and awaiting close. (Down by 1 condo from May)
3 Condos sold in June. (Increased by 1 condos from May)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Activity remains good, though with such low numbers, it’s dificult to follow any trends.
The absorption rate for Hobe Sound condos decreased to 5 months for June (was 8 months in May). Back into a sellers’ 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 June 2016 numbers were: 4 active listings, 6 pending sales and 3 closed sales. Similar activity this year while the inventory has more thantripled.
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report June 2017
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