Hobe Sound FL 33455 Condo Market Report August 2014
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2014
For August 2014 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 18 active condo listings. (Up by 1 condo from July)
1 Condo sale is pending and awaiting close. (Down 3 condos from July)
2 Condos sold in July (Unchanged from July)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Unfortunately with only 1 pending sale, future activity could be quite weak. No change in closed sales for August.
The current absorption rate is 9 months (Last month it was 8.5 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that August not indicate 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 August 2013 numbers were: 14 active listings, 8 pending sales and 1 closed sales. Pending sales were considerably stronger last year with a smaller inventory.
Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report August 2014
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