Stuart FL 34994 Condo Market Report June 2019

Stuart FL 34994 Condo Market Report June 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2019

For June 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Down by 8 condos from May).

Stuart FL 34994 Condo Market Report June 2019

35 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month) 

Stuart FL 34994 Condo Market Report June 2019

15 Condos Sold in May (Down by 3 condos from May).

Stuart FL 34994 Condo Market Report June 2019

The Stuart FL 34994 Condo market showed mostly weaker activity when compared to last month which is not all that unexpected as condo sales tend to slow down during the summer months in our area.  Pending sales, though, remain strong.

The absorption rate for June rose to 7.6 months compared to last month’s 6.8 months.  Transitioning into a buyer’s market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 83 active listings, 55 pending sales, and 25 closed sales.  Considerably greater inventory of condos available for sale this year but a weaker number of closed sales.  Pending sales are higher this year which could mean some better sales activity coming in the next couple of months.

Stuart FL 34994 Condo Market Report June 2019

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

Stuart FL 34994 Condo Market Report June 2019 

 

Stuart Florida 34994 Residential Market Report June 2019

Stuart Florida 34994 Residential Market Report June 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2019

For May 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 86 active listings (Up by 9 homes from May)

Stuart Florida 34994 Residential Market Report June 2019

29 Residential sales are pending and awaiting close or lender approval (Decreased by 15 homes from last month).

Stuart Florida 34994 Residential Market Report June 2019

27 Homes Sold in June (Increased by 7 homes from May)

Stuart Florida 34994 Residential Market Report June 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to show strong activity for June.  The drop in pending sales this month indicates that we may see a little softening for the closed sales numbers in the coming months.

The one-month absorption rate for the 34994 zip code for May dropped to 3.2 months from 3.9 months for May.  Remaining in a very strong seller’s market t for the 34994 zip code area of Stuart, FL   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2018 numbers were 69 Active Listings, 28 pending sales, and 17 closed sales.  Better closed sales activity and slightly better pending activity with a greater inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report June 2019

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

Search here for homes for sale in the 34994 zip code area of Stuart FL

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

Stuart 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.

Stuart Florida 34994 Residential Real Estate Market Report June 2019

St Lucie County Townhouses and Condos May 2019 Market Report

St Lucie County Townhouses and Condos May 2019 Market Report

The St Lucie County Townhouses and Condos May 2019 Market Report reversed the gains it showed in April for May with weaker closed sales when compared to last month and last year.  Closed sales were down by 17.7% from last year (were up by 12.3% in April) while new pending sales were up by 11.7% for May (they were down by 11.2% in April).

Prices also declined for May.  The median price decreased by 5.4% from last year (was up by 13.3% in April) while the average sales price decreased by 0.9% (was up by 10.7% in April).

The inventory of available townhouses and condos decreased by 30 units from last month to 587 units, which is still 10.5% greater than May 2018. The current inventory is 5.8 months, as compared to 5.1 months of inventory last year.  The St Lucie County townhouses and condos market slipped back into a slight seller’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos May 2019 Market Report

Click here to view or download the full report:
St Lucie County Townhouses and Condos May 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

St Lucie County Townhouses and Condos May 2019 Market Report

Martin County Single Family Homes May 2019 Market Report

Martin County Single Family Homes May 2019 Market Report

The Martin County Single Family Homes May 2019 Market Report showed improved sales activity when compared to last May but not quite as robust as last month.  Closed sales were up by 1.1% (were up by 13.7% in April).  While new pending sales increased by 1.8% as compared to May 2018 (they increased by 3.0% in April).

Prices were mixed for May.  The median sales price was up by 3.8% from last year (down by 1.4% in April) while the average sales price decreased by 0.2% (was down by 14.5% last month).

The inventory of available single-family homes decreased from last month by 33 homes to 1071 units for May,  this is a 12.3% greater inventory than last May.  The current supply of homes is 5.4 months.  For May of last year, it was a 4.7 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes May 2019 Market Report

Click here to view or download the full report:
Martin County Single Family Homes May 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Single Family Homes May 2019 Market Report

Florida Townhouses and Condos May 2019 Market Report

Florida Townhouses and Condos May 2019 Market Report

The Florida Townhouses and Condos Market Report for May 2019 had slightly stronger sales activity when compared to last May.  Closed sales were up by 1.6% as compared to last month’s increase of 3.2% and new sales under contract (new pending sales) increased by 0.5% (In April there was a 0.8% decrease).

Prices were mixed for the month of May.  Median sales price was up by 3.7% (was up by 3.6% in April), while the average sales price decreased by 1.2% (was up 3.1% in April).

The inventory of active listings increased by 4.8% from May of last year.  We now have 5.9 months of inventory as compared to 5.7 months for May 2018.  Drifting back into a slight seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos May 2019 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos May 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Townhouses and Condos May 2019 Market Report