Hobe Sound FL 33455 Condo Market Report December 2017
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2017
For December 2017 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 10 active condo listings. (Decreased by 5 condos from November)
5 Condos are pending and awaiting close. (Down by 1 condo from November)
4 Condos sold in December. (Up by 1 condos from November)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Unfortunately, a significant drop in inventory for December. But, good pending and closed volume.
The absorption rate for Hobe Sound condos was 2.5 months for December as compared to 5 months in November). 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 December 2016 numbers were: 11 active listings, 2 pending sales, and 4 closed sales. Very similar activity from year to year.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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