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