Hobe Sound FL 33455 Condo Market Report July 2018
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2018
For July 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 5 active condo listings. (Increased by 1 condos from June)
5 Condos are pending and awaiting close. (Up by 1 condo from June)
3 Condos sold in July. (Unchanged from June)
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 moving off the market quite fast.
The absorption rate for Hobe Sound condos was 1.3 months for July as compared to 6 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 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 July 2017 numbers were: 19 active listings, 3 pending sales, and 0 closed sales. Much better activity this year on hardly any inventory.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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