Palm City FL 34990 Residential Market Report March 2017

Palm City FL 34990 Residential Market Report March 2017

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

 

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

 

There are currently 449 active listings (Increased by 4 homes from February)

Palm City FL 34990 Residential Market Report March 2017

165 Residential sales are pending and awaiting close or lender approval. (Up by 30 homes from last month)

Palm City FL 34990 Residential Market Report March 2017

81 Homes Sold in February (Up by 25 homes from February)

Palm City FL 34990 Residential Market Report March 2017

The Palm City FL, zip code 34990 residential real estate market was very strong for March of 2017 going back into a sellers market and also with a good increase in pending sales for future activity.
The monthly absorption rate dropped to 5.3 months from 7.9 months in February.  Back into a 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 March 2016 numbers were:  399 active listings, 179 pending sales and 80 closed sales.  Very similar activity to last March with a slightly lower pending volume and greater inventory.

Palm City FL 34990 Residential Market Report March 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 March 2017

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