Search Results for: Palm City FL 34990 Residential Market Report

Palm City FL 34990 Residential Market Report October 2019

Palm City FL 34990 Residential Market Report October 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2019

 There are currently 328 active listings (Up by 11 homes from September)

Palm City FL 34990 Residential Market Report October 2019

105 Residential sales are pending (Down by 20 homes from last month)

Palm City FL 34990 Residential Market Report October 2019

85 Homes Sold in October (Down by 5 home from September)

Palm City FL 34990 Residential Market Report October 2019

The Palm City FL, zip code 34990 residential real estate market had slightly weaker sales and pending sales activity when compared to last month but remains a very active segment of the Martin County single-family real estate market.
The monthly absorption rate dropped to 3.9 months from 3.5 months in September.  Remaining in a strong seller’s market for the Palm City zip code 34990 area, though approaching a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The October 2018 numbers were:  357 active listings, 106 pending sales, and 73 closed sales.  Considerably stronger closed and pending sales this year on a significantly smaller inventory of available Palm City homes for sale.

Palm City FL 34990 Residential Market Report October 2019

Click here to view the previous Palm City Florida residential market reports

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34990 zip code area of Palm City FL

Search here for vacant land for sale in the 34994 zip code area of Palm City FL

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

Click here for previous Palm City FL 34990 Residential Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report October 2019

Palm City FL 34990 Residential Market Report September 2019

Palm City FL 34990 Residential Market Report September 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2019

 There are currently 317 active listings (Down by 19 homes from August)

Palm City FL 34990 Residential Market Report September 2019

125 Residential sales are pending (Down by 15 homes from last month)

Palm City FL 34990 Residential Market Report September 2019

90 Homes Sold in September (Up by 1 home from August)

Palm City FL 34990 Residential Market Report September 2019

The Palm City FL, zip code 34990 residential real estate market continues to outperform most of the adjacent markets with very strong sales activity.
The monthly absorption rate dropped to 3.5 months from 3.8 months in August.  Remaining in a strong seller’s market for the Palm City zip code 34990 area, though approaching a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The September 2018 numbers were:  357 active listings, 119 pending sales, and 57 closed sales.  Considerably stronger closed and pending sales this year on a significantly smaller inventory of available Palm City homes for sale.

Palm City FL 34990 Residential Market Report September 2019

Click here to view the previous Palm City Florida residential market reports

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34990 zip code area of Palm City FL

Search here for vacant land for sale in the 34994 zip code area of Palm City FL

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

Click here for previous Palm City FL 34990 Residential Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report September 2019

Palm City FL 34990 Residential Market Report August 2019

Palm City FL 34990 Residential Market Report August 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2019

 There are currently 336 active listings (Down by 12 homes from July)

Palm City FL 34990 Residential Market Report August 2019

140 Residential sales are pending (Down by 14 homes from last month)

Palm City FL 34990 Residential Market Report August 2019

89 Homes Sold in September (Up by 26 homes from July)

Palm City FL 34990 Residential Market Report August 2019

The Palm City FL, zip code 34990 residential real estate market continues with very strong market activity.  We had a sizeable increase in sales this month and the pending sales also remain very strong.
The monthly absorption rate dropped to 3.8 months from 5.5 months in July.  Becoming an even stronger seller’s market for the Palm City zip code 34990 area, though approaching a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2018 numbers were:  361 active listings, 100 pending sales, and 96 closed sales.  With a lower number of available homes for sale this year, sales are pretty comparable and pending sales are much stronger than last year.

Palm City FL 34990 Residential Market Report August 2019

Click here to view the previous Palm City Florida residential market reports

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34990 zip code area of Palm City FL

Search here for vacant land for sale in the 34994 zip code area of Palm City FL

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report August 2019

Palm City FL 34990 Residential Market Report July 2019

Palm City FL 34990 Residential Market Report July 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for July 2019

For July 2019 in the 34990 Zip Code area of Palm City Florida :

 There are currently 348 active listings (Down by 42 homes from June)

Palm City FL 34990 Residential Market Report July 2019

154 Residential sales are pending (Up by 38 homes from last month)

Palm City FL 34990 Residential Market Report July 2019

63 Homes Sold in September (Down by 23 homes from June)

Palm City FL 34990 Residential Market Report July 2019

The Palm City FL, zip code 34990 residential real estate market had a large improvement in pending sales while closed sales were off.  With the increase in pending sales, I expect closed sales to improve in the next month or two.  There was also a pretty large (and unexpected) drop in inventory for July.
The monthly absorption rate rose to 5.5 months from 4.5 months in June.  Remaining in a seller’s market for the Palm City zip code 34990 area, though approaching a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2018 numbers were:  335 active listings, 142 pending sales, and 76 closed sales.  There’s a greater number of pending sales this year while closed sales were better last year.

Palm City FL 34990 Residential Market Report July 2019

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34990 zip code area of Palm City FL

Search here for vacant land for sale in the 34994 zip code area of Palm City FL

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report July 2019

Palm City FL 34990 Residential Market Report June 2019

Palm City FL 34990 Residential Market Report June 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2019

For June 2019 in the 34990 Zip Code area of Palm City Florida :

 There are currently 390 active listings (Down by 10 homes from May)

Palm City FL 34990 Residential Market Report June 2019

116 Residential sales are pending (Down by 16 homes from last month)

Palm City FL 34990 Residential Market Report June 2019

86 Homes Sold in September (Down by 24 homes from May)

Palm City FL 34990 Residential Market Report June 2019

The Palm City FL, zip code 34990 residential real estate market had a slower June in both closed and pending sales activity, but remains a very active market.
The monthly absorption rate rose to 4.5 months from 3.6 months in May.  Remaining in a seller’s market for the Palm City zip code 34990 area, though not as extreme as last month.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2018 numbers were:  333 active listings, 150 pending sales, and 111 closed sales.  Better sales and pending sales volume last year with a smaller inventory of available homes for sale.

Palm City FL 34990 Residential Market Report June 2019

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34990 zip code area of Palm City FL

Search here for vacant land for sale in the 34994 zip code area of Palm City FL

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report June 2019

Palm City FL 34990 Residential Market Report May 2019

Palm City FL 34990 Residential Market Report May 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2019

For May 2019 in the 34990 Zip Code area of Palm City Florida :

 There are currently 400 active listings (Up by 11 homes from April)

Palm City FL 34990 Residential Market Report May 2019

132 Residential sales are pending (Down by 34 homes from last month)

Palm City FL 34990 Residential Market Report May 2019

110 Homes Sold in September (Up by 32 homes from April)

Palm City FL 34990 Residential Market Report May 2019

The Palm City FL, zip code 34990 residential real estate market had a very good month for closed sales.  Unfortunately, pending sales were off for this month and the inventory continues to grow.  Palm City remains a very active market.
The monthly absorption rate rose to 3.6 months from 5.0 months in April.  Dropping to even a more extreme seller’s market for the Palm City zip code 34990 area.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2018 numbers were:  340 active listings, 176 pending sales, and 106 closed sales.  All in all, considerably better activity last year with a reduced number of homes available to purchase.

Palm City FL 34990 Residential Market Report May 2019

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34990 zip code area of Palm City FL

Search here for vacant land for sale in the 34994 zip code area of Palm City FL

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report May 2019

Palm City FL 34990 Residential Market Report April 2019

Palm City FL 34990 Residential Market Report April 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2019

For April 2019 in the 34990 Zip Code area of Palm City Florida :

 There are currently 389 active listings (Up by 3 homes from March)

Palm City FL 34990 Condo Market Report April 2019

166 Residential sales are pending (Up by 16 homes from last month)

Palm City FL 34990 Condo Market Report April 2019

78 Homes Sold in September (Down by 9 homes from March)

Palm City FL 34990 Condo Market Report April 2019

The Palm City FL, zip code 34990 residential real estate market had fewer closed sales from last month but improved pending activity.  This should be a good indication for future sales.
The monthly absorption rate rose to 5.0 months from 4.4 months in March.  Remaining in a seller’s market for the Palm City zip code 34990 area.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2018 numbers were:  364 active listings, 193 pending sales, and 64 closed sales.  Better closed sales this year but weaker pending sales on a greater number of available Palm City homes for sale.

Palm City FL 34990 Condo Market Report April 2019

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34990 zip code area of Palm City FL

Search here for vacant land for sale in the 34994 zip code area of Palm City FL

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report April 2019

Palm City FL 34990 Residential Market Report March 2019

Palm City FL 34990 Residential Market Report March 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2019

For March 2019 in the 34990 Zip Code area of Palm City Florida :

 There are currently 386 active listings (Down by 16 homes from February)

Palm City FL 34990 Residential Market Report March 2019

150 Residential sales are pending (Up by 3 homes from last month)

Palm City FL 34990 Residential Market Report March 2019

87 Homes Sold in September (Up by 25 homes from February)

Palm City FL 34990 Residential Market Report March 2019

The Palm City FL, zip code 34990 residential real estate market rebounded with very strong increases in sales and pending sales compared to the last two months.
The monthly absorption rate plunged to 4.4 months from 7.7 months in February.  Back into a strong seller’s market for the Palm City zip code 34990 area.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2018 numbers were:  391 active listings, 171 pending sales, and 81 closed sales.  Slightly greater closed sales this year and slightly less pending sales on similar inventory numbers.

Palm City FL 34990 Residential Market Report March 2019

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34990 zip code area of Palm City FL

Search here for vacant land for sale in the 34994 zip code area of Palm City FL

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

Palm City FL 34990 Residential Market Report March 2019

Palm City FL 34990 Residential Market Report February 2019

Palm City FL 34990 Residential Market Report February 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2019

For February 2019 in the 34990 Zip Code area of Palm City Florida :

 There are currently 402 active listings (Up by 11 homes from January)

Palm City FL 34990 Residential Market Report February 2019

147 Residential sales are pending (Up by 26 homes from last month)

Palm City FL 34990 Residential Market Report February 2019

52 Homes Sold in September (Ip by 5 homes from January)

Palm City FL 34990 Residential Market Report February 2019

The Palm City FL, zip code 34990 residential real estate market showed strong results for February with solid increases in both pending and closed sales.
The monthly absorption rate decreased to 7.7 months from 8.3 months in January.  Remaining in a buyer’s market for the Palm City zip code 34990 area for residential sales but drifting towards a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2018 numbers were:  415 active listings, 144 pending sales, and 55 closed sales.  Very similar activity and inventory as last year.

Palm City FL 34990 Residential Market Report February 2019

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

Palm City FL 34990 Residential Market Report February 2019

Palm City FL 34990 Residential Market Report January 2019

Palm City FL 34990 Residential Market Report January 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2019

For January 2019 in the 34990 Zip Code area of Palm City Florida :

 There are currently 391 active listings (Up by 52 homes from December)

Palm City FL 34990 Residential Market Report January 2019

121 Residential sales are pending (Up by 27 homes from last month)

Palm City FL 34990 Residential Market Report January 2019

47 Homes Sold in September (Unchanged from December)

Palm City FL 34990 Residential Market Report January 2019

The Palm City FL, zip code 34990 residential real estate market had a much needed increase in inventory and pending sales volume.  This should result in increased sales numbers in the coming months.
The monthly absorption rate increased to 8.3 months from 6.1 months in December.  Into a buyer’s market for the Palm City zip code 34990 area for residential sales for the first time in quite a while of being in a seller’s market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2018 numbers were:  416 active listings, 113 pending sales, and 48 closed sales. Slightly better activity on a smaller inventory of available homes for sale this year when compared to 2018.

Palm City FL 34990 Residential Market Report January 2019

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

Palm City FL 34990 Residential Market Report January 2019

Palm City FL 34990 Residential Market Report December 2018

Palm City FL 34990 Residential Market Report December 2018

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

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

 There are currently 349 active listings (Down by 7 homes from November)

Palm City FL 34990 Residential Market Report December 2018

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

Palm City FL 34990 Residential Market Report December 2018

57 Homes Sold in September (Down by 9 homes from November)

Palm City FL 34990 Residential Market Report December 2018

The Palm City FL, zip code 34990 residential real estate market showed reduced activity for December from the previous month and has transitioned into a balanced market.
The monthly absorption rate increased to 6.1 months from 5.4 months in November.  Transitioning into a balanced market for the Palm City zip code 34990 area for residential sales for the first time in quite a while of being in a seller’s market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2017 numbers were:  381 active listings, 96 pending sales, and 66 closed sales. Slighltless volume of sales and pending sales this year but this is on a significantly lower inventory of available homes for sale.

Palm City FL 34990 Residential Market Report December 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report December 2018

Palm City FL 34990 Residential Market Report November 2018

Palm City FL 34990 Residential Market Report November 2018

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

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

 There are currently 356 active listings (Down by 1 home from September)

Palm City FL 34990 Residential Market Report November 2018

99 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from last month)

Palm City FL 34990 Residential Market Report November 2018

66 Homes Sold in September (Up by 7 homes from September)

Palm City FL 34990 Residential Market Report November 2018

The Palm City FL, zip code 34990 residential real estate market remains active with greater closed activity this month and a little lower pending activity.
The monthly absorption rate dropped to 5.4 months from 4.9 months in September.  Remaining in a sellers market for the Palm City zip code 34990 area for residential sales but drifting towards a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2017 numbers were:  366 active listings, 101 pending sales, and 64 closed sales. Very similar activity as compared to last year.

Palm City FL 34990 Residential Market Report November 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report November 2018

Palm City FL 34990 Residential Market Report October 2018

Palm City FL 34990 Residential Market Report October 2018

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

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

 There are currently 357 active listings (No change from September)

Palm City FL 34990 Residential Market Report October 2018

106 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from last month)

Palm City FL 34990 Residential Market Report October 2018

73 Homes Sold in September (Up by 16 homes from September)

Palm City FL 34990 Residential Market Report October 2018

The Palm City FL, zip code 34990 residential real estate market rebounded in closed sales after an unexpected drop last month.  Peningsales were down a bit with no change in the inventory of available homes for sale for this month.
The monthly absorption rate dropped to 4.9 months from 6.3 months in September.   Back into 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 October 2017 numbers were:  347 active listings, 126 pending sales, and 66 closed sales. Pretty similar activity when compared to last year.  Closed sales were a little better this year while pending sales were higher last year.

Palm City FL 34990 Residential Market Report October 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report October 2018

Palm City FL 34990 Residential Market Report September 2018

Palm City FL 34990 Residential Market Report September 2018

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

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

 There are currently 357 active listings (Decreased by 4 homes from August)

Palm City FL 34990 Residential Market Report September 2018

119 Residential sales are pending and awaiting close or lender approval. (Up by 19 homes from last month)

Palm City FL 34990 Residential Market Report September 2018

57 Homes Sold in August (Down by 40 homes from August)

Palm City FL 34990 Residential Market Report September 2018

The Palm City FL, zip code 34990 residential real estate market had  big drop in closed sales and is back into a balanced market for the first time in quite a while.  Pending sales were up which will hopefully result in greater closed sales in the coming months.
The monthly absorption rate jumped to 6.3 months from 3.7 months in August.  Into a balanced 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 September 2017 numbers were:  335 active listings, 108 pending sales, and 43 closed sales. Better activity this year but with a highr inventory of available homes for sale.

Palm City FL 34990 Residential Market Report September 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report September 2018

Palm City FL 34990 Residential Market Report August 2018

Palm City FL 34990 Residential Market Report August 2018

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

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

 There are currently 361 active listings (Increased by 26 homes from July)

Palm City FL 34990 Residential Market Report August 2018

100 Residential sales are pending and awaiting close or lender approval. (Down by 42 homes from last month)

Palm City FL 34990 Residential Market Report August 2018

97 Homes Sold in July (Up by 21 homes from July)

Palm City FL 34990 Residential Market Report August 2018

The Palm City FL, zip code 34990 residential real estate market had mixed results for August.  There was a welcome increase in inventory and closed sales.  Unfortunately, a big decrease in pending sales.
The monthly absorption rate dipped to 3.7 months from 4.4 months in July.  Remaining in a seller’s 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 August 2017 numbers were:  346 active listings, 128 pending sales, and 95 closed sales. Similar closed activity this year when compared to last year.  The pending numbers are down for this year though.

Palm City FL 34990 Residential Market Report August 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report August 2018

Palm City FL 34990 Residential Market Report July 2018

Palm City FL 34990 Residential Market Report July 2018

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

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

 There are currently 335 active listings (Increased by 2 homes from June)

Palm City FL 34990 Residential Market Report July 2018

142 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from last month)

Palm City FL 34990 Residential Market Report July 2018

76 Homes Sold in June (Down by 35 homes from June)

Palm City FL 34990 Residential Market Report July 2018

The Palm City FL, zip code 34990 residential real estate market had a fairly slow month for July with a decrease in pending sales and a large drop in closed sales.  At least the inventory didn’t decline any further.
The monthly absorption rate rose to 4.4 months from 3.0 months in June.  Remaining in a seller’s 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 2017 numbers were:  398 active listings, 165 pending sales, and 96 closed sales. Considerably weaker activity this year with a reduced inventory of available homes for sale.

Palm City FL 34990 Residential Market Report July 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report July 2018

Palm City FL 34990 Residential Market Report June 2018

Palm City FL 34990 Residential Market Report June 2018

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

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

 There are currently 333 active listings (Decreased by 7 homes from May)

Palm City FL 34990 Residential Market Report June 2018

150 Residential sales are pending and awaiting close or lender approval. (Down by 26 homes from last month)

Palm City FL 34990 Residential Market Report June 2018

111 Homes Sold in May (Up by 5 homes from May)

Palm City FL 34990 Residential Market Report June 2018

The Palm City FL, zip code 34990 residential real estate market showed a slight increase in closed sales volume and a fairly large drop in pending sales.  We continue to show a need for greater inventory (number of homes available for sale) in Palm City.
The monthly absorption rate inched down to 3.0 months from 3.2 months in May.  Remaining in a strong seller’s 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 June 2017 numbers were:  386 active listings, 171 pending sales, and 96 closed sales. There was a slightly better-closed volume for this year with fewer pending sales.  All of this on significantly lower number of available homes for sale.

Palm City FL 34990 Residential Market Report June 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report June 2018

Palm City FL 34990 Residential Market Report May 2018

Palm City FL 34990 Residential Market Report May 2018

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

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

 There are currently 340 active listings (Decreased by 24 homes from April)

Palm City FL 34990 Residential Market Report May 2018

176 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 2018

106 Homes Sold in April (Up by 42 homes from April)

Palm City FL 34990 Residential Market Report May 2018

The Palm City FL, zip code 34990 residential real estate market continues to lose inventory at a fairly rapid rate.  This will make it difficult to sustain strong sales volume for the near future while this lasts.  For May, we had strong pending as well as closed sales volume.
The monthly absorption rate plunged to 3.2 months from 5.7 months in April.  Still a slight seller’s market for the Palm City zip code 34990 area for residential sales, though trending back towards a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2017 numbers were:  381 active listings, 174 pending sales, and 129 closed sales.  There was better closed activity last year on greater inventory.  Surprisingly, thereis very strong pending activity this year.

Palm City FL 34990 Residential Market Report May 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report May 2018

Palm City FL 34990 Residential Market Report April 2018

Palm City FL 34990 Residential Market Report April 2018

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

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

 There are currently 364 active listings (Decreased by 27 homes from March)

Palm City FL 34990 Residential Market Report April 2018

193 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from last month)

Palm City FL 34990 Residential Market Report April 2018

64 Homes Sold in March (Down by 17 homes from March)

Palm City FL 34990 Residential Market Report April 2018

The Palm City FL, zip code 34990 residential real estate market is going to have an issue maintaining good momentum if the inventory continues to drop as it has the past few months.  Pending sales remain very strong even as closed sales were off from last month.
The monthly absorption rate rose to 5.7 months from 4.8 months in March.  Still a slight seller’s market for the Palm City zip code 34990 area for residential sales, though trending back towards a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2017 numbers were:  403 active listings, 191 pending sales, and 80 closed sales.  Somewhat slower closed sales this year, but this is with a greatly reduced number of homes available for sale (inventory).

Palm City FL 34990 Residential Market Report April 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report April 2018

Palm City FL 34990 Residential Market Report March 2018

Palm City FL 34990 Residential Market Report March 2018

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

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

 There are currently 391 active listings (Decreased by 24 homes from February)

Palm City FL 34990 Residential Market Report March 2018

171 Residential sales are pending and awaiting close or lender approval. (Up by 27 homes from last month)

Palm City FL 34990 Residential Market Report March 2018

81 Homes Sold in February (Up by 26 homes from February)

Palm City FL 34990 Residential Market Report March 2018

The Palm City FL, zip code 34990 residential real estate market eboundedbig time for March with increased pending and closed sales.
The monthly absorption rate dropped to 4.8 months from 7.5 months in February.  Returning to a seller’s market for the Palm City zip code 34990 area for residential sales, though trending back towards a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2017 numbers were:  449 active listings, 165 pending sales, and 81 closed sales.  Very similar activity when compared to last March but with a smaller number of available homes for sale.

Palm City FL 34990 Residential Market Report March 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report March 2018