Hobe Sound FL 33455 Condo Market Report July 2017
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2017
For July 2017 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 19 active condo listings. (Increased by 4 condos from June)
3Condos are pending and awaiting close. (Down by 1 condo from June)
No Condos sold in July. (Decreased by 3 condos from June)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. There were no sales this month and activity is weak.
The absorption rate for Hobe Sound condos cannot be determined for July as there were no sales (was 5 months in June). 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 July 2016 numbers were: 3 active listings, 6 pending sales and 3 closed sales. Much higher inventory this year and reduced activity.
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report July 2017
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