Jensen Beach FL 34957 Residential Market Report July 2017

Jensen Beach FL 34957 Residential Market Report July 2017

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

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

 There are currently 165 active listings. (Down by 11 homes from last month)

Jensen Beach FL 34957 Residential Market Report July 2017

79 Residential sales are pending and awaiting close or lender approval. (Up by 21 homes from June)

Jensen Beach FL 34957 Residential Market Report July 2017

27 Homes Sold (Down by 20 homes from June)

Jensen Beach FL 34957 Residential Market Report July 2017

The Jensen Beach FL 34957 Residential Market had a bad month for closed sales, while showing good pending sales numbers which should result in better closed sales in the coming months..
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 jumped to 6.1 months ( was 3.7 months in June).  Now a balanced market for July.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The July 2016 numbers were: 164 active listings, 66 pending sales, and 56 home sales closed.  Considerably weaker sales for this July when compared to last year.
Jensen Beach FL 34957 Residential Market Report July 2017

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Jensen Beach FL 34957 Residential Market Report July 2017

Palm City FL 34990 Residential Market Report July 2017

Palm City FL 34990 Residential Market Report July 2017

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

 

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

 

There are currently 398 active listings (Increased by 12 homes from June)

Palm City FL 34990 Residential Market Report July 2017

165 Residential sales are pending and awaiting close or lender approval. (Down by 6 homes from last month)

Palm City FL 34990 Residential Market Report July 2017

96 Homes Sold in June (No change from June)

Palm City FL 34990 Residential Market Report July 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  Interestingly, inventory levels are above last year, which is not the current trend in the county.
The monthly absorption rate inched up to 4.1 months from 4.0 months in June.  Still a 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 July 2016 numbers were:  383 active listings, 120 pending sales and 83 closed sales.  Stronger activity for this year with a slightly higher inventory of homes for sale.

Palm City FL 34990 Residential Market Report July 2017

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Palm City FL 34990 Residential Market Report July 2017

Stuart FL 34997 Residential Market Report July 2017

Stuart FL 34997 Residential Market Report July 2017

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

 

There are currently 292 active listings (Increased by 31 homes from June).

Stuart FL 34997 Residential Market Report July 2017

180 Residential sales are pending and awaiting close or lender approval (No change from June).

Stuart FL 34997 Residential Market Report July 2017

84 Homes Sold in July (Decreased by 3 homes from June)

Stuart FL 34997 Residential Market Report July 2017

      The Stuart Florida Residential Market for ZIP Code 34997  had a welcome increase in inventory for July along with strong pending sales numbers and slightly weaker closed sales from last month.
     The absorption rate increased to 3.5 months (was 3.0 months for June).  Continuing as a strong sellers’ market for the 34997 zip code area of Stuart for July 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 July, were: 299 active listings, 159 pending listings and 86 closed sales.  Better closed activity last year, but higher pending sales this year which indicates strong future closed sales activity.
Stuart FL 34997 Residential Market Report July 2017

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Stuart FL 34997 Residential Market Report July 2017

 

Stuart FL 34996 Residential Market Report July 2017

Stuart FL 34996 Residential Market Report July 2017

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

 

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

 

There are currently 147 active listings (Up by 9 homes from June).

Stuart FL 34996 Residential Market Report July 2017

33 Residential sales are pending and awaiting close or lender approval (Down by 22 homes from June).

Stuart FL 34996 Residential Market Report July 2017

36 Homes Sold in July (Decreased by 5 homes from June).

Stuart FL 34996 Residential Market Report July 2017

The 34996 zip code area of the Stuart Florida residential real estate eased a bit from last month.  Yet, it is still a very active market even as we are in the middle of the summer.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 4.1 months as compared to June’s 3.4 months.  Remaining in 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 July of 2016 were: 151 active listings, 27 pending sales and 24 closed sales.  Better volume of sales and pending sales this year.

Stuart FL 34996 Residential Market Report July 2017

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Stuart FL 34996 Residential Market Report July 2017

Stuart Florida 34994 Residential Real Estate Market Report July 2017

Stuart Florida 34994 Residential Real Estate Market Report July 2017

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

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

There are currently 75 active listings (Increased by 3 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential July 2017

12 Homes Sold in June (Down by 4 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida remains active but at a slower rate as we head into the summer season.

The one month absorption rate for the 34994 zip code for July increased to 6.25 months from 5.5 months for June.  Bringing the 34994 zip code area of Stuart, FL back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2016 numbers were 70 Active Listings, 34 pending sales, and 18 closed sales.  Better sales and pending activity last year with a little larger inventory.

Stuart Florida Market Report ZIP Code 34994 Residential July 2017

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Stuart Florida 34994 Residential Real Estate Market Report July 2017