Stuart FL 34997 Condo Market Report January 2018
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2018
For January 2018 in the 34997 Zip Code area of Stuart, Florida:
There are currently 56 active condo listings (Down by 1 condo from December).
35 Condo sales are pending and awaiting close or lender approval (Up by 18 condos from December).
8 Condos Sold in January (Decreased by 11 condos from December).
The Stuart FL condo market for zip code 34997 Had a significant reduction of closed sales along with a very strong number of new pending sales indicating much better closed volume for the near future.
The absorption rate jumped up to 7.0 months in January compared to 3.0 months for December. Just about to become a buyer’s 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 January 2017 numbers were: 80 active listings, 34 pending sales, and 15 closed sales. Weaker closed sales (on reduced inventory but much stronger pending sales.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart FL 34997 Condo Market Report January 2018
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