Stuart FL 34994 Condo Market Report March 2017

Stuart FL 34994 Condo Market Report March 2017

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

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

 

There are currently 88 active condo listings (Down by 13 condos from February).

Stuart FL 34994 Condo Market Report March 2017

38 Condo sales are pending and awaiting close or lender approval. (Increased by 10 condos from last month) 

Stuart FL 34994 Condo Market Report March 2017

21 Condos Sold in March (Down by 2 condos from February).

Stuart FL 34994 Condo Market Report March 2017

The Stuart FL 34994 Condo market continues to get stronger with an increase in closed sales and continued strong pending numbers as well.  Unfortunately the inventory has gone down reducing the number of available condos for this segment of the Stuart condo market.

The absorption rate for March dropped to 4.2 months compared to last month’s 4.9.  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 March the numbers were 96 active listings, 38 pending sales, and 15 closed sales.  Similar number of pending sales with an increase in completed sales and a lower inventory for this March when compared to last year.

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

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