Stuart FL 34996 Condo Market Report December 2017

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

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

There are currently 134 active condo listings (Unchanged from last month).

35 Condo sales are pending and awaiting close or lender approval (Also unchanged from November).

20 Condos Sold in December (Up by 5 condos from November) 

The Stuart FL 34996 Condo Market of Stuart continues with improved sales volume for the last month of the 2017.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 6.7 months from November’s 8.9 months.  Drifting back into a balanced 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 December 2016 were: 153 active listings, 35 pending sales and 20 closed sales.  Identical sales volume as last year on a reduced number of available condos for sale (inventory).

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