Palm City FL 34990 Residential Market Report February 2017
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2017
For February 2017 in the 34990 Zip Code area of Palm City Florida :
There are currently 445 active listings (Increased by 24 homes from January)
135 Residential sales are pending and awaiting close or lender approval. (Up by 10 homes from last month)
56 Homes Sold in January (Up by 4 homes from January)
The Palm City FL, zip code 34990 residential real estate market continues to have more homes on the market and it appears that both pending and closed sales are also increasing.
The monthly absorption rate decreased to 7.9 months from 8.1 months in January. Still in a buyers’ market for the Palm City zip code 34990 area for residential sales, but with the strong number of pending sales, I expect a balanced market in the next month or so. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The February 2016 numbers were: 415 active listings, 152 pending sales and 56 closed sales. Similar activity as compared to last year but with greater inventory this year.
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Residential Properties
- Residential Properties for Sale in Palm-City, Florida Between $0 – $500,000
- Residential Properties for Sale in Palm-City, Florida Between $500,000 – $1,000,000
- Residential Properties for Sale in Palm-City, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Palm-City, Florida Between $1,500,000 – $2,000,000
- Residential Properties for Sale in Palm-City, Florida Between $2,000,000 – $2,500,000
- Residential Properties for Sale in Palm-City, Florida Between $2,500,000 – $3,000,000
- Residential Properties for Sale in Palm-City, Florida Between $5,000,000 – $5,500,000
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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