Stuart FL 34996 Residential Market Report September 2017
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2017
For September 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 129 active listings (Down by 16 homes from August).
19 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from August).
6 Homes Sold in September (Decreased by 6 homes from August).
The 34996 zip code area of the Stuart Florida residential real estate showed greatly reduced activity for September along with decreased inventory. Much of this may be attributed to Hurricane Irma which shut down real estate for a little over a week last month.
The one month absorption rate for the 34996 zip code area of Stuart Florida for September jumped to 65 months as compared to August’s 12.1 months. Into an extreme buyer’s 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 2016 were: 161 active listings, 27 pending sales, and 13 closed sales. Considerably better activity from last year.
Search here for real estate in the 34996 Zip Code of Stuart FL
Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate
Leave a Reply