Stuart FL 34997 Condo Market Report July 2017
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2017
For July 2017 in the 34997 Zip Code area of Stuart, Florida:
There are currently 61 active condo listings (Increased by 11 condos from June).
32 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from June).
25 Condos Sold in July (Increased by 18 condos from June).
The Stuart FL condo market for zip code 34997 returned to a very strong market activity after a very strange month in June.
The absorption rate plunged to 2.4 months in July compared to 7.1 months for June. Back into a very strong sellers’ 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 July 2016 numbers were: 73 active listings, 25 pending sales, and 10 closed sales. Considerably stronger activity this year on a reduced inventory of condos available for sale.
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2017
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