Stuart FL 34996 Condo Market Report May 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2017

For May 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 137 active condo listings (Decreased by 11 condos from last month).

36 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from April).

30 Condos Sold in May (Down by 10 condos from April) 

The Stuart FL 34996 Condo Market of Stuart had continued strong sales activity for May.  The inventory decreased while there was little change in pending sales as closed sales were down from last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 4.6 months from April’s 3.7 months.  Remaining as a sellers market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2016 were: 120 active listings, 40 pending sales and 32 closed sales.  Slightly weaker activity this year when compared to last year.

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