Stuart Florida 34994 Residential Market Report October 2017

Stuart Florida 34994 Residential Market Report October 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2017

For October 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Unchanged from September)

Stuart Florida 34994 Residential Market Report October 2017

27 Residential sales are pending and awaiting close or lender approval (Increased by 6 homes from last month).

Stuart Florida 34994 Residential Market Report October 2017

12 Homes Sold in September (Increased by 4 homes from September)

Stuart Florida 34994 Residential Market Report October 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded some from the previous month’s slower hurricane impacted activity.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from 9.5 months for September.  Bringing the 34994 zip code area of Stuart, FL back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2016 numbers were 56 Active Listings, 32 pending sales, and 16 closed sales.  Better sales and pending activity last year even though the inventory was smaller.  Some of this year’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that continued longer.

Stuart Florida 34994 Residential Market Report October 2017

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Stuart Florida 34994 Residential Real Estate Market Report October 2017

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