Hobe Sound FL 33455 Condo Market Report July 2019
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2019
For July 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 10 active condo listings. (Down by 2 condos from June)
5 Condos are pending and awaiting close. (Up by 2 condos from June)
3 Condo sold in July. (Up by 2 condos from June)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Even with these small number of available condos for sale, the activity remains strong. There is surprisingly strong activity for such a small market segment of Martin County.
The absorption rate for Hobe Sound condos was 3.3 months for July (it was 12 months for 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 2018 numbers were: 5 active listings, 5 pending sales, and 3 closed sales. Very similar activity when compared to last year for the Hobe Sound July 2019 condo market activity.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.
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