Stuart Florida Market Report ZIP Code 34994 Residential November 2014

Stuart Florida Market Report ZIP Code 34994 Residential November 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2014

For November, 2014 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 77 active listings (Up 7 from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2014

35 Residential sales are pending and awaiting close or lender approval (Down by 1 from October).

 Stuart Florida Market Report ZIP Code 34994 Residential November 2014

11 Homes Sold in October (Increased by 3 homes from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2014

The 34994 ZIP code area of the Stuart, Florida showed a small rebound after a slow October.  The inventory showed a nice gain for the second month in a row as well as a small gain in closed sales.  Pending sales (an indication of possible future closed activity) was off by 1 home, but still a pretty strong value.

The one month absorption rate for the 34994 zip code for November decreased to 7 months from last months 8.8 months.  shifting back into a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The November 2013 numbers were 56 Active Listings, 35 pending sales and 13 closed sales.  2013 saw better activity for the 34994 residential real estate market activity, especially when the lower inventory level is factored into the equation.

Stuart Florida Market Report ZIP Code 34994 Residential November 2014 

 

 

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Stuart Florida Market Report ZIP Code 34994 Residential November 2014

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