Stuart FL 34994 Condo Market Report September 2017

Stuart FL 34994 Condo Market Report September 2017 

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

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

There are currently 73 active condo listings (Up by 3 condos from August).

Stuart FL 34994 Condo Market Report September 2017

22 Condo sales are pending and awaiting close or lender approval. (Decreased by 8 condos from last month) 

Stuart FL 34994 Condo Market Report September 2017

14 Condos Sold in September (Down by 7 condos from August).

Stuart FL 34994 Condo Market Report September 2017

The Stuart FL 34994 Condo market remains strong, though it showed weaker activity this September.  Some of this reduced activity may have been a result of Hurricane Irma which shut down real estate for a little over a week last month.

The absorption rate for September increased to 5.2 months compared to last month’s 3.3.  Still in a seller’s 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 September the numbers were 92 active listings, 28 pending sales, and 11 closed sales.  Better activity last year.

Stuart FL 34994 Condo Market Report September 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, September 2017

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