Stuart FL 34996 Residential Market Report September 2016
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2016
For September 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 161 active listings (Up by 17 homes from August).
27 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from August).
13 Homes Sold in September (Increased by 1 homes from August).
The 34996 zip code area of the Stuart Florida residential real estate market is showing some weakness for this summer as the inventory has risen and sales have not increased accordingly.
The one month absorption rate for the 34996 zip code area of Stuart Florida for September increased to 12.4 months as compared to August’s 12 months. The second month in a row as a buyers’ market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for September of 2015 were: 136 active listings, 27 pending sales and 12 closed sales. Similar activity as compared to September of last year though with a considerably higher inventory of available Stuart homes for sale.
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