Palm City FL 34990 Residential Market Report April 2017

Palm City FL 34990 Residential Market Report April 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2017

 

For April 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 403 active listings (Increased by 46 homes from March)

Palm City FL 34990 Residential Market Report April 2017

191 Residential sales are pending and awaiting close or lender approval. (Up by 26 homes from last month)

Palm City FL 34990 Residential Market Report April 2017

80 Homes Sold in March (Down by 1 homes from March)

Palm City FL 34990 Residential Market Report April 2017

The Palm City FL, zip code 34990 residential real estate market continues with strong activity with excellent closed and pending sales volume.
The monthly absorption rate decreased to 5.0 months from 5.3 months in March.  Continuing as a sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2016 numbers were:  375 active listings, 175 pending sales and 84 closed sales.  Stronger pending numbers this year with a larger inventory and similar sales activity.

Palm City FL 34990 Residential Market Report April 2017

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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report April 2017

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