Stuart FL 34997 Residential Market Report September 2017
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2017
For September 2017 in the 34997 Zip Code area of Stuart, Florida:
There are currently 274 active listings (Decreased by 17 homes from August).
130 Residential sales are pending and awaiting close or lender approval (Decreased by 11 homes from August).
68 Homes Sold in September (Decreased by 18 homes from August)
The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity but a bit weaker than last month. Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.
The absorption rate inched down to 4.0 months (was 3.4 months for August). Continuing as a strong seller’s market for the 34997 zip code area of Stuart for September 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 September, were: 309 active listings, 132 pending listings, and 89 closed sales. Better activity last year, but it was with a bigger selection of homes (inventory)
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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Stuart FL 34997 Residential Market Report September 2017
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