Hobe Sound FL 33455 Condo Market Report April 2019
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2019
For April 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 8 active condo listings. (Up by 4 condos from March)
1 Condo is pending and awaiting close. (Unchanged from March)
No Condos sold in April. (Down by 3 condos from March)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.
The absorption rate for Hobe Sound condos cannot be determined with no sales for April. For March it was a 2 month absorption rate. Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The April 2018 numbers were: 8 active listings, 5 pending sales, and 7 closed sales. There was better activity last year.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.
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