Stuart FL 34997 Residential Market Report January 2017

Stuart FL 34997 Residential Market Report January 2017

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

 

There are currently 354 active listings (Increased by 20 homes from December).

Stuart FL 34997 Residential Market Report January 2017

169 Residential sales are pending and awaiting close or lender approval (Up by 49 homes from December).

Stuart FL 34997 Residential Market Report January 2017

61 Homes Sold in January (Decreased by 8 homes from December)

Stuart FL 34997 Residential Market Report January 2017

      The Stuart Florida Residential Market for ZIP Code 34997 started the year with a big jump in inventory and a lower number of closed sales.  Pending sales, however, look very strong.
     The absorption rate decreased to 5.8 months (was 4.8 months for December).  Just about back to a balanced market, only a slight sellers’ one for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for January, were: 299 active listings, 156 pending listings and 88 closed sales.  Higher inventory this year and lower volume of closed sales.  Though, pending sales look strong.
Stuart FL 34997 Residential Market Report January 2017

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report January 2017

 

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