Palm City FL 34990 Residential Market Report February 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2018
For February 2018 in the 34990 Zip Code area of Palm City Florida :
There are currently 415 active listings (Decreased by 1 homes from January)
144 Residential sales are pending and awaiting close or lender approval. (Up by 31 homes from last month)
55 Homes Sold in January (Down by 7 homes from January)
The Palm City FL, zip code 34990 residential real estate market rebounded some from a slow January. The large increase in pending sales this month should translate into greater closed sales numbers in the coming months.
The monthly absorption rate decreased to 7.5 months from 8.7 months in January. Remaining in a buyer’s market for the Palm City zip code 34990 area for residential sales, though trending back towards a balanced market. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The February 2017 numbers were: 445 active listings, 135 pending sales, and 56 closed sales. Better pending activity this year and similar closed sales on a reduced number of available Palm City homes for sale.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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