Stuart FL 34997 Condo Market Report March 2017

Stuart FL 34997 Condo Market Report March 2017

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

 

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

There are currently 75 active condo listings (Decreased by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2017

44 Condo sales are pending and awaiting close or lender approval (Up by 12 condos from February).

Stuart FL 34997 Condo Market Report March 2017

18 Condos Sold in March (Decreased by 4 condos from February).

Stuart FL 34997 Condo Market Report March 2017

     The Stuart FL condo market for zip code 34997 was the only segment of the Stuart market with a slightly lower volume of closed sales, but this market remains quite active and looks to continue as a strong market for the rest of this spring.
     The absorption rate rose to 4.2 months in March from 3.4 months for February.  Still a 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 March 2016 numbers were: 75 active listings, 38 pending sales and 21 closed sales.  The only segment of the Stuart market with weaker closed sales than last year, but still strong activity and a good market.

Stuart FL 34997 Condo Market Report March 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

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