Stuart FL 34996 Residential Market Report January 2016
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2016
For January 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 160 active listings (Down by 10 homes from December).
42 Residential sales are pending and awaiting close or lender approval (Up by 18 homes from December).
10 Homes Sold in January (Decreased by 2 homes from December).
The 34996 zip code area of the Stuart Florida residential real estate market had a drop in sales and inventory for the beginning of the year. The good news is the big jump in pending sales which should result in better closed sale numbers in the following months.
The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased to 16 months as compared to December’s 14.2 months. Still a strong buyers market for this section of Martin County, but this number should improve when the strong pending numbers translate into sales. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for January of 2014 were: 160 active listings, 41 pending sales and 7 closed sales. Similar activity when compared to 2015, though with a slight edge to to this year’s numbers with slightly better activity.
Search here for real estate in the 34996 Zip Code of Stuart FL
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Leave a Reply