Stuart FL 34997 Residential Market Report June 2017

Stuart FL 34997 Residential Market Report June 2017

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

 

There are currently 261 active listings (Decreased by 30 homes from May).

Stuart FL 34997 Residential Market Report June 2017

180 Residential sales are pending and awaiting close or lender approval (Up by 12 homes from May).

Stuart FL 34997 Residential Market Report June 2017

87 Homes Sold in June (Decreased by 17 homes from May)

Stuart FL 34997 Residential Market Report June 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continued with strong activity and this sement of Martin County real estate remains one of the ost active areas. I am seeing a trend of lower inventory numbers once again which may effect volume in the future.
     The absorption rate increased to 3.0 months (was 2.8 months for May).  Continuing as an extreme sellers’ market for the 34997 zip code area of Stuart for June 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 June, were: 299 active listings, 173 pending listings and 125 closed sales.  Better closed activity last year, but with a larger inventory of available homes for sale.
Stuart FL 34997 Residential Market Report June 2017

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Stuart FL 34997 Residential Market Report June 2017

 

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