Hobe Sound FL 33455 Residential Market Report January 2018

Hobe Sound FL 33455 Residential Market Report January 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2018

  For January 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 193 active listings. (Increased by 4 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2018

74 Residential sales are pending and awaiting close  (Up by 12 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2018

37 Homes Sold in January (Up by 13 homes from last month)

Hobe Sound FL 33455 Residential Market Report January 2018

The Hobe Sound Florida Market Report ZIP Code 33455 showed some strong activity to begin the year with increases in both pending and closed sales.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.2 months ( It was 7.9 months in December).  Back into a sellers market after one month of being in a buyers 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 January 2017 were:  232 active listings, 78 pending sales, and 27 closed sales.  A greater number of closed sales on less inventory this year as compared to January of 2017.

Hobe Sound FL 33455 Residential Market Report January 2018

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Hobe Sound FL 33455 Residential Market Report January 2018

Jensen Beach FL 34957 Residential Market Report January 2018

Jensen Beach FL 34957 Residential Market Report January 2018

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for January 2018

 For January 2018 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 193 active listings. (Up by 26 homes from last month)

Jensen Beach FL 34957 Residential Market Report January 2018

69 Residential sales are pending and awaiting close or lender approval. (Up by 17 homes from December)

Jensen Beach FL 34957 Residential Market Report January 2018

24 Homes Sold (Unchanged from December)

Jensen Beach FL 34957 Residential Market Report January 2018

The Jensen Beach FL 34957 Residential Market increased in inventory for January as well as a good jump in pending sales while closed sales remained unchanged.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 8.0 months ( was 7.0 months in December).  Into a buyer’s market for Jensen Beach residential sales for the first time in a while.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The January 2017 numbers were: 198 active listings, 72 pending sales, and 34 home sales closed.  Considerably stronger activity last January.
Jensen Beach FL 34957 Residential Market Report January 2018
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Jensen Beach FL 34957 Residential Market Report January 2018

Palm City FL 34990 Residential Market Report January 2018

Palm City FL 34990 Residential Market Report January 2018

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2018

For January 2018 in the 34990 Zip Code area of Palm City Florida :

 There are currently 416 active listings (Increased by 35 homes from December)

Palm City FL 34990 Residential Market Report January 2018

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

Palm City FL 34990 Residential Market Report January 2018

48 Homes Sold in December (Down by 18 home from December)

Palm City FL 34990 Residential Market Report January 2018

The Palm City FL, zip code 34990 residential real estate market showed a large drop in closed sales to start the year.  But both inventory, as well as pending sales, rose which should result in more sales in the coming months.
The monthly absorption rate jumped up to 8.7 months from 5.8 months in December.  Into a buyer’s market for the Palm City zip code 34990 area for residential sales for the first time in a while.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2017 numbers were:  421 active listings, 125 pending sales, and 52 closed sales.  Slightly better activity last year, but not by much.

Palm City FL 34990 Residential Market Report January 2018

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Palm City FL 34990 Residential Market Report January 2018

Stuart FL 34997 Residential Market Report January 2018

Stuart FL 34997 Residential Market Report January 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2018

For January 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 292 active listings (Increased by 12 homes from December).

Stuart FL 34997 Residential Market Report January 2018

144 Residential sales are pending and awaiting close or lender approval (Increased by 13 homes from December).

Stuart FL 34997 Residential Market Report January 2018

58 Homes Sold in January (Decreased by 23 homes from December)

Stuart FL 34997 Residential Market Report January 2018

      The Stuart Florida Residential Market for ZIP Code 34997 had a fairly large drop in closed sales but this is still one of the most active markets in Martin County residential real estate.
     The absorption rate jumped up to 5.0 months (was 3.4 months for December).  Still in a seller’s market for the 34997 zip code area of Stuart for January 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2017 numbers for January, were: 354 active listings, 169 pending listings, and 61 closed sales.  Somewhat stronger volume last year but this was with a considerably larger inventory of homes for sale.
Stuart FL 34997 Residential Market Report January 2018

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Stuart FL 34997 Residential Market Report January 2018

 

Stuart FL 34996 Residential Market Report January 2018

Stuart FL 34996 Residential Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2018

For January 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 146 active listings (Increased by 5 homes from December).

Stuart FL 34996 Residential Market Report January 2018

37 Residential sales are pending and awaiting close or lender approval (Unchanged from December).

Stuart FL 34996 Residential Market Report January 2018

15 Homes Sold in January (Up by 1 homes from December).

Stuart FL 34996 Residential Market Report January 2018

The 34996 zip code area of the Stuart Florida residential real estate showed a small increase in inventory and slightly better-closed sales.  There’s a good number of pending sales which will hopefully translate to higher closed volume in the coming months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for January decreased slightly to 9.7 months as compared to December’s 10.1 months.  Still a buyer’s 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 January of 2017 were: 180 active listings, 43 pending sales, and 10 closed sales.  Considerably lower inventory this year but better sales volume and slightly lower pending volume.

Stuart FL 34996 Residential Market Report January 2018

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Stuart FL 34996 Residential Market Report January 2018