Hobe Sound FL 33455 Condo Market Report January 2019
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2019
For January 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There is currently only 1 active condo listing. (Unchanged from December)
3 Condos are pending and awaiting close. (Down by 1 condo from December)
4 Condos sold in January. (Down by 1 condo from December)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound. Yet, even with such little inventory, these condos are selling well.
The absorption rate for Hobe Sound condos was 0.3 months for January as compared to 0.2 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 2018 numbers were: 12 active listings, 5 pending sales, and 4 closed sales. Slightly better activity last year, but there was at least a few more condos available for sale.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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