Stuart Florida 34994 Residential Market Report March 2018

Stuart Florida 34994 Residential Market Report March 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2018

For March 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 75 active listings (Down by 6 homes from February)

Stuart Florida 34994 Residential Market Report March 2018

34 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from last month).

Stuart Florida 34994 Residential Market Report March 2018

27 Homes Sold in February (Increased by 14 homes from February)

Stuart Florida 34994 Residential Market Report March 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida lost a little inventory after two months of some gains.  Sales for the month were very strong while pending sales were down but still impressive.

The one-month absorption rate for the 34994 zip code for February plunged to 2.8 months from 6.2 months for February.  Into a very strong seller’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2017 numbers were 69 Active Listings, 34 pending sales, and 15 closed sales.  One of the few areas of Martin County with increased inventory from last year.  Sales were also much better for this year.

Stuart Florida 34994 Residential Market Report March 2018

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Stuart Florida 34994 Residential Real Estate Market Report March 2018

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