Palm City FL 34990 Residential Market Report October 2017
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2017
For October 2017 in the 34990 Zip Code area of Palm City Florida :
There are currently 347 active listings (Increased by 12 homes from September)
126 Residential sales are pending and awaiting close or lender approval. (Down by 20 homes from last month)
66 Homes Sold in September (Up by 23 home from September)
The Palm City FL, zip code 34990 residential real estate market remains very active. A solid increase in cosed sales from last month but an unfortunate drop in pending sales as well.
The monthly absorption rate jumped up to 5.3 months from 7.8 months in September. Back into a seller’s 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 October 2016 numbers were: 400 active listings, 114 pending sales, and 55 closed sales. Much better activity this year even with a smaller inventory 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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