Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2014

 

For February 2014 in the 34990 Zip Code area of Palm City, Florida :

There are currently 63 active condo listings. (Up by 5 condos from January)

6 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month)

6 Condos Sold in February. (Up by 4 condos from January)

An improving market for the condo segment of the Palm City FL real estate market for zip code 34990. All activity moved in a positive direction in February.  But please keep in mind that this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 10.5 months (was 29 months in January).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.

 

The February 2012 numbers were: 69 active listings, 7 pending sales and 4 closed sales.   Very similar activity as compared to last year.