Stuart Florida 34994 Residential Real Estate Market Report August 2017

Stuart Florida 34994 Residential Real Estate Market Report August 2017

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

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

There are currently 77 active listings (Increased by 2 homes from July)

Stuart Florida 34994 Residential Real Estate Market Report August 2017

26 Residential sales are pending and awaiting close or lender approval (Decreased by 3 homes from last month).

 Stuart Florida 34994 Residential Real Estate Market Report August 2017

16 Homes Sold in July (Increased by 4 homes from July)

Stuart Florida 34994 Residential Real Estate Market Report August 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had strong activity for August with strong sales activity.

The one month absorption rate for the 34994 zip code for August dropped to 4.8 months from 6.25 months for July.  Bringing the 34994 zip code area of Stuart, FL back into a sellers’ market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2016 numbers were 64 Active Listings, 25 pending sales, and 13 closed sales.  Better sales and pending activity this year with a little larger inventory.

Stuart Florida 34994 Residential Real Estate Market Report August 2017

 

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Stuart Florida 34994 Residential Real Estate Market Report August 2017

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