Stuart FL 34997 Residential Market Report August 2017

Stuart FL 34997 Residential Market Report August 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2017

 

There are currently 291 active listings (Decreased by 1 homes from July).

Stuart FL 34997 Residential Market Report August 2017

141 Residential sales are pending and awaiting close or lender approval (Decreased by 39 homes from July).

Stuart FL 34997 Residential Market Report August 2017

86 Homes Sold in August (Increased by 2 homes from July)

Stuart FL 34997 Residential Market Report August 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues with very active closed sales activity, but also had a large drop in pending sales for August.
     The absorption rate inched down to 3.4 months (was 3.5 months for July).  Continuing as a strong sellers’ market for the 34997 zip code area of Stuart for August 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for August, were: 297 active listings, 146 pending listings and 78 closed sales.  Very similar  activity when compared to last year.
Stuart FL 34997 Residential Market Report August 2017

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34997 Residential Market Report August 2017

 

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