Jensen Beach FL 34957 Condo Market Report May 2016

Jensen Beach FL 34957 Condo Market Report May 2016

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for May 2016

 

For May 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 26 active listings. (Decreased by 6 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2016

11 Condo sales are pending and awaiting settlement. (Up by 3 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2016

3 Condos Sold (Decreased by 9 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2016

 The Jensen Beach FL 34957 Condo Market Report May 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  The Jensen Beach condo inventory continues to be problematic with very low numbers of available condos for sale.  And, for may sales dropped off sharply, while pending sales improved.

The one month absorption rate for the May 2016, Jensen Beach Florida Market Report ZIP Code 34957 jumped up to 8.7 months (from 2.7 months in April), into a buyers market for the first time in close to two years.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The May 2015 numbers were: 30 active listings, 12 pending sales and 8 condos closed.  Considerably better activity last year for Jensen Beach condos.

Jensen Beach FL 34957 Condo Market Report May 2016

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report May 2016

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