Stuart Florida 34994 Residential Market Report September 2017

Stuart Florida 34994 Residential Market Report September 2017

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

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

There are currently 76 active listings (Decreased by 1 homes from August)

Stuart Florida 34994 Residential Market Report September 2017

21 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

Stuart Florida 34994 Residential Market Report September 2017

8 Homes Sold in August (Decreased by 8 homes from August)

Stuart Florida 34994 Residential Market Report September 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had slightly weaker activity for September.  Some of this might have been hurricane related.

The one month absorption rate for the 34994 zip code for September increased to 9.5 months from 4.8 months for August.  Bringing the 34994 zip code area of Stuart, FL back into a buyer’s market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2016 numbers were 64 Active Listings, 34 pending sales, and 11 closed sales.  Better sales and pending activity last year with a little larger inventory.  Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

Stuart Florida 34994 Residential Market Report September 2017

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Stuart Florida 34994 Residential Real Estate Market Report September 2017

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