Stuart FL 34994 Condo Market Report February 2017

Stuart FL 34994 Condo Market Report February 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2017

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

 

There are currently 101 active condo listings (Up by 10 condos from January).

Stuart FL 34994 Condo Market Report February 2017

28 Condo sales are pending and awaiting close or lender approval. (Decreased by 12 condos from last month) 

Stuart FL 34994 Condo Market Report February 2017

23 Condos Sold in February (Up by 5 condos from January).

Stuart FL 34994 Condo Market Report February 2017

The Stuart FL 34994 Condo market continues with strong activity for the 2017 condo real estate market.

The absorption rate for February dropped to 4.9 months compared to last month’s 5.1.  Continuing as a buyers’ 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 February the numbers were 91 active listings, 32 pending sales, and 20 closed sales.   Slightly better closed sales volume while weaker pending sales on slightly greater inventory.

Stuart FL 34994 Condo Market Report February 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, February 2017

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