Palm City FL 34990 Residential Market Report November 2017
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2017
For November 2017 in the 34990 Zip Code area of Palm City Florida :
There are currently 366 active listings (Increased by 19 homes from September)
101 Residential sales are pending and awaiting close or lender approval. (Down by 25 homes from last month)
64 Homes Sold in September (Down by 2 home from September)
The Palm City FL, zip code 34990 residential real estate market remains active though activity for November was generally slower than last month.
The monthly absorption rate rose to 5.7 months from 5.3 months in September. Still a seller’s market for the Palm City zip code 34990 area for residential sales but inching closer to 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 November 2016 numbers were: 430 active listings, 101 pending sales, and 52 closed sales. Slightly better closed sales volume for this year on a smaller number of available homes for sale.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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