Palm City FL 34990 Residential Market Report January 2015
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2015
For January 2015 in the 34990 Zip Code area of Palm City Florida :
There are currently 443 active listings (Increased by 12 homes from December)
158 Residential sales are pending and awaiting close or lender approval. (Increased by 43 homes from last month)
55 Homes Sold in December (Down by 21 homes from December)
The Palm City FL 34990 residential real estate started the year with a decline in closed sales but also an impressive increase in pending sales which should indicate some good activity for the immediate future. A nice little increase in inventory is also a good sign.
The current absorption rate jumped to 8.1 months from 5.7 months in December. Back into a buyers market after a month in the sellers market in December. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The January 2013 numbers were: 447 active listings, 117 pending sales and 62 closed sales. With similar inventory as compared to last year, sales were off this year however pending sales are considerably higher which indicates some strong activity for the coming months.
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Palm City Florida Real Estate presented by:
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