Stuart FL 34994 Condo Market Report April 2017

Stuart FL 34994 Condo Market Report April 2017 

Stuart FL Snapshot for ZIP Code 34994, Condo Sales for April 2017

For April 2017 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 90 active condo listings (Up by 2 condos from March).

Stuart FL 34994 Condo Market Report April 2017

31 Condo sales are pending and awaiting close or lender approval. (Decreased by 7 condos from last month) 

Stuart FL 34994 Condo Market Report April 2017

29 Condos Sold in April (Up by 8 condos from March).

Stuart FL 34994 Condo Market Report April 2017

The Stuart FL 34994 Condo market continues to be a strong sellers market.  There was a sizeable increase in closed sales from last month along with a decrease in pending sales.  Might be an indication of a bit less activity for the coming months.

The absorption rate for April dropped to 3.1 months compared to last month’s 4.2.  Drifting into a stronger sellers’ market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last April the numbers were 97 active listings, 35 pending sales, and 19 closed sales.  Better closed sales activity for this year.

Stuart FL 34994 Condo Market Report April 2017

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, April 2017

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