Stuart FL 34994 Condo Market Report July 2017

Stuart FL 34994 Condo Market Report July 2017 

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

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

 

There are currently 77 active condo listings (Down by 13 condos from June).

Stuart FL 34994 Condo Market Report July 2017

41 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month) 

Stuart FL 34994 Condo Market Report July 2017

30 Condos Sold in July (Up by 9 condos from June).

Stuart FL 34994 Condo Market Report July 2017

The Stuart FL 34994 Condo market showed surprisingly strong activity for a typically slowe summer season.  A very hot market (pun intended).

The absorption rate for July dropped to 2.6 months compared to last month’s 4.3.  An even 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 July the numbers were 74 active listings, 29 pending sales, and 10 closed sales.  Much better activity for this year when compared to July of 2016.

Stuart FL 34994 Condo Market Report July 2017

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

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