Stuart FL 34994 Condo Market Report August 2017

Stuart FL 34994 Condo Market Report August 2017 

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

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

 

There are currently 70 active condo listings (Down by 7 condos from July).

Stuart FL 34994 Condo Market Report August 2017

30 Condo sales are pending and awaiting close or lender approval. (Decreased by 11 condos from last month) 

Stuart FL 34994 Condo Market Report August 2017

21 Condos Sold in August (Down by 9 condos from July).

Stuart FL 34994 Condo Market Report August 2017

The Stuart FL 34994 Condo market continues with strong activity throughout the summer months.

The absorption rate for August edged up to 3.3 months compared to last month’s 2.6.  Still in a strong 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 August the numbers were 89 active listings, 32 pending sales, and 16 closed sales.  Much better activity for this year when compared to August of 2016.

Stuart FL 34994 Condo Market Report August 2017

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 – Condo, August 2017

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