Hobe Sound FL 33455 Residential Market Report May 2017

Hobe Sound FL 33455 Residential Market Report May 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2017

  For May 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 178 active listings. (Down by 5 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2017

66 Residential sales are pending and awaiting close  (Down by 28 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2017

64 Homes Sold in May (Up by 10 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2017

The Hobe Sound Florida Market Report ZIP Code 33455 continues with a very active selling volume.  Unfortunately, pending sales decreased as has the inventory of available homes for sale.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 plunged to 2.8 months (3.4 months in April).  An extreme sellers’ market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2016 were:  213 active listings, 90 pending sales, and 52 closed sales. Better closed activity for this year on a lower inventory, but pending sales are not as strong as last year.

Hobe Sound FL 33455 Residential Market Report May 2017

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Hobe Sound FL 33455 Residential Market Report May 2017

Jensen Beach FL 34957 Residential Market Report May 2017

Jensen Beach FL 34957 Residential Market Report May 2017

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for May 2017

 For May 2017 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 178 active listings. (Down by 1 homes from last month)

Jensen Beach FL 34957 Residential Market Report May 2017

77 Residential sales are pending and awaiting close or lender approval. (Down by 21 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2017

47 Homes Sold (Up by 1 homes sale from April)

Jensen Beach FL 34957 Residential Market Report May 2017

The Jensen Beach FL 34957 Residential Market continues to show strong activity with strong sales volume.  Unfortunately, a fairly sizeable drop in pending sales which may indicate a little softening in closed volume for the coming months.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dipped slightly to 3.8 months ( was 3.9 months in April).  Remaining in a strong seller’s market for May.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The May 2016 numbers were: 116 active listings, 67 pending sales, and 37 home sales closed.  Considerably better activity this year when compared to last year with a greater inventory.
Jensen Beach FL 34957 Residential Market Report May 2017

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Jensen Beach FL 34957 Residential Market Report May 2017

Palm City FL 34990 Residential Market Report May 2017

Palm City FL 34990 Residential Market Report May 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2017

 

For May 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 381 active listings (Decreased by 22 homes from March)

Palm City FL 34990 Residential Market Report May 2017

174 Residential sales are pending and awaiting close or lender approval. (Down by 17 homes from last month)

Palm City FL 34990 Residential Market Report May 2017

129 Homes Sold in March (Up by 49 homes from March)

Palm City FL 34990 Residential Market Report May 2017

The Palm City FL, zip code 34990 residential real estate market had a large jump in closed sales for the month of May along with a decrease in pending sales and inventory.
The monthly absorption rate decreased to 3.0 months from 5.0 months in March.  A more extreme sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2016 numbers were:  377 active listings, 162 pending sales and 84 closed sales.  Stronger pending numbers this year with a larger inventory and similar sales activity.

Palm City FL 34990 Residential Market Report May 2017

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Palm City FL 34990 Residential Market Report May 2017

Stuart FL 34997 Residential Market Report May 2017

Stuart FL 34997 Residential Market Report May 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2017

 

There are currently 291 active listings (Decreased by 39 homes from April).

Stuart FL 34997 Residential Market Report May 2017

168 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from April).

Stuart FL 34997 Residential Market Report May 2017

104 Homes Sold in May (Increased by 24 homes from April)

Stuart FL 34997 Residential Market Report May 2017

      The Stuart Florida Residential Market for ZIP Code 34997 showed a decrease in inventory for may along with a sizeable jump in closed sales.  The pending numbers are off a bit and may show some slower closed sale activity for the near future.
     The absorption rate increased to 2.8 months (was 4.1 months for April).  We’re in an extreme sellers’ market for the 34997 zip code area of Stuart for may 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for May, were: 304 active listings, 216 pending listings and 109 closed sales.  Even with such strong activity for this year, the market was more active in 2016.
Stuart FL 34997 Residential Market Report May 2017

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Stuart FL 34997 Residential Market Report May 2017

 

Stuart FL 34996 Residential Market Report May 2017

Stuart FL 34996 Residential Market Report May 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2017

 

For May 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 148 active listings (Down by 15 homes from April).

Stuart FL 34996 Residential Market Report May 2017

64 Residential sales are pending and awaiting close or lender approval (Up by 15 homes from April).

Stuart FL 34996 Residential Market Report May 2017

26 Homes Sold in May (Increased by 5 homes from April).

Stuart FL 34996 Residential Market Report May 2017

The 34996 zip code area of the Stuart Florida residential real estate market showed a very strong May with increases in both pending and closed sales while the inventory of available properties for sale decreased.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May jumped to 5.7 months as compared to April’s 7.8 months.  Back into a sellers’ market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for May of 2016 were: 150 active listings, 43 pending sales and 22 closed sales.  Consideribly stronger market activity for this year.

Stuart FL 34996 Residential Market Report May 2017

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Stuart FL 34996 Residential Market Report May 2017