Hobe Sound FL 33455 Condo Market Report February 2017
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2017
For February 2017 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 13 active condo listings. (Unchanged from January)
6 Condo is pending and awaiting close. (Up by 5 pending condos from January)
2 Condos sold in February. (Decreased by 12 closed sales from January)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Sales dropped to a more normal level this month while pending activity rose nicely on unchanged inventory.
The absorption rate for Hobe Sound condos was 6.5 months for February (was 0.9 in January). A balanced market. 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 February 2016 numbers were: 9 active listings, 5 pending sales and 0 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though this segment appears to be returning to more normal volume.
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report February 2017
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