Hobe Sound FL 33455 Residential Market Report March 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2017

  For March 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 200 active listings. (Down by 33 homes from February)

102 Residential sales are pending and awaiting close  (Up by 26 homes from February)

42 Homes Sold in March (Down by 8 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues with strong activity even though the inventory is starting to become an issue with it’s low levels.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.8 months (4.7 months in February).  Still in a sellers’ market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2016 were:  212 active listings, 105 pending sales and 56 closed sales. Slightly stronger activity last year, but this was with a bit more inventory as well.

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