Stuart FL 34997 Condo Market Report April 2017

Stuart FL 34997 Condo Market Report April 2017

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2017

 

For April 2017 in the 34997 Zip Code area of Stuart, Florida :

There are currently 70 active condo listings (Decreased by 5 condos from March).

Stuart FL 34997 Condo Market Report April 2017

44 Condo sales are pending and awaiting close or lender approval (Unchanged from March).

Stuart FL 34997 Condo Market Report April 2017

5 Condos Sold in April (Decreased by 13 condos from March).

Stuart FL 34997 Condo Market Report April 2017

     The Stuart FL condo market for zip code 34997 showed a large (and unexpectd0 decrease in closed sales for the month.  Pending sales remain strong, so this may just be a one month anomaly.
     The absorption rate jumped to 14 months in April from 4.2 months for March.  A big shift into a buyers’ market for the 34997 zip code of Stuart FL.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The April 2016 numbers were: 71 active listings, 39 pending sales and 16 closed sales.  A very unexpected decrease in closed sales when compared to last year.

Stuart FL 34997 Condo Market Report April 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2017

 

 

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