Hobe Sound FL 33455 Condo Market Report January 2018
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2018
For January 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 12 active condo listings. (Increased by 2 condos from December)
5 Condos are pending and awaiting close. (No change from December)
4 Condos sold in January. (Unchanged from December)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Results remained unchanged from last month with the exception of a couple of additional condos for sale.
The absorption rate for Hobe Sound condos was 3.o months for January as compared to 2.5 months 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 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 January 2017 numbers were: 13 active listings, 1 pending sales, and 14 closed sales. Last January was an unusually strong month for closed sales in Hobe Sound condos.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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