Hobe Sound FL 33455 Condo Market Report January 2017
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2017
For January 2017 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 13 active condo listings. (Up by 2 condos from December)
1 Condo is pending and awaiting close. (Down by 1 pending condo from December)
14 Condos sold in January. (Increased by 10 closed sales from December)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. This was a big month for closed sales, the best for the year in Hobe Sound Condos. Inventory remains challenged and only 1 pending sale for the month.
The absorption rate for Hobe Sound condos was 0.9 months for January (was 2.75 in 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 January 2016 numbers were: 6 active listings, 2 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 January 2017
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