Stuart FL 34997 Residential Market Report September 2018

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

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

There are currently 289 active listings (Increased by 27 homes from August).

123 Residential sales are pending and awaiting close or lender approval (Decreased by 14 homes from August).

86 Homes Sold in September (Decreased by 2 homes from August)

      The Stuart Florida Residential Market for ZIP Code 34997 remains a very strong market.  For September we saw a decrease in both closed and pending sales as well as an increase in inventory.

     The absorption rate edged up to 3.4 months (was 3.0 months for August).  Still a strong seller’s market for the 34997 zip code area of Stuart for September 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 September, were: 274 active listings, 130 pending listings, and 68 closed sales.  Better sales activity this year with better pending activity last year.

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