Hobe Sound FL 33455 Residential Market Report November 2017

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

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

There are currently 195 active listings. (Decreased by 17 homes from October)

52 Residential sales are pending and awaiting close  (Up by 3 homes from October)

32 Homes Sold in November (Up by 3 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 showed improvement over last month with an increase in both pending and closed sales activity.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 6.1 months ( It was 7.3 months in October).  Back into a balanced market after one month of a buyer’s 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 November 2016 were:  204 active listings, 64 pending sales, and 31 closed sales.  Slightly better closed activity but weaker pending sales as compared to last year.

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