Palm City FL 34990 Residential Market Report June 2016
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2016
For June 2016 in the 34990 Zip Code area of Palm City Florida :
There are currently 362 active listings (Decreased by 15 homes from May)
168 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from last month)
76 Homes Sold in May (Down by 8 homes from May)
The Palm City FL, zip code 34990 residential real estate market activity continues to be quite active. After a slight increase in inventory for last month, it’s back down again for June and sales have slowed somewhat while still being an active market, just not as hot as in previous months.
The monthly absorption rate increased to to 4.8 months from 4.5 months in May. Still in a strong 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 June 2015 numbers were: 358 active listings, 163 pending sales and 128 closed sales. Much better closed volume from last year with other metrics very similar.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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