Hobe Sound FL 33455 Condo Market Report December 2016
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2016
For December 2016 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 11 active condo listings. (Unchanged from November)
2 Condos are pending and awaiting close. (Down by 2 pending condos from November)
4 Condos sold in December. (Increased by 4 closed sales from November)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory remained unchanged while closed sales were up, while pending sales were off.
The absorption rate for Hobe Sound condos was 2.75 months for December 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 on 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 December 2015 numbers were: 4 active listings, 1 pending sales and 1 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though there is increased activity for this year when compared with 2015.
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report December 2016
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