Palm City FL 34990 Residential Market Report August 2017

Palm City FL 34990 Residential Market Report August 2017

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

 

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

 

There are currently 346 active listings (Decreased by 52 homes from June)

Palm City FL 34990 Residential Market Report August 2017

128 Residential sales are pending and awaiting close or lender approval. (Down by 37 homes from last month)

Palm City FL 34990 Residential Market Report August 2017

95 Homes Sold in June (Down by 1 home from June)

Palm City FL 34990 Residential Market Report August 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  For August there was a big drop in available homes for sale which also had an effect on reduced future sales (pending listings).
The monthly absorption rate declined to 3.6 months from 4.1 months in June.  Still a seller’s 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 August 2016 numbers were:  391 active listings, 116 pending sales, and 68 closed sales.  Stronger activity for this year with a fairly big decrease in inventory.

Palm City FL 34990 Residential Market Report August 2017

 Search here for Palm City Florida Real Estate for Sale:

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

 

Palm City FL 34990 Residential Market Report August 2017

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