Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2016

For January 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 6 active condo listings. (Increased by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

2 Condos are pending and awaiting close. (Up by 1 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

No Condos sold in December (Down 1 condos from December)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  2016 began with a whimper for Hobe Sound condos with no sales.  We did have small improvements in both the inventory and pending sales.

No possible absorption rate number for this month with zero sales, for December of 2015 it was 4 months.  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 may 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 January 2015 numbers were: 17 active listings, 3 pending sales and 3 closed sales.  Much better activity last year with considerably more inventory to work with.

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2016

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