Hobe Sound FL 33455 Condo Market Report June 2014
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2014
For May 2013 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 18 active condo listings. (Down by 2 condos from May)
4 Condo sales are pending and awaiting close. (Decreased by 1 condo from May)
2 Condos sold in May (Down by 1 condos from May)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. With only 18 condos on the market, not much variety for buyers to look at. And, unfortunately the activity also continued to slow for June with reduced pending and closed listings.
The current absorption rate is 9 months (Last month it was 6.7 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that June not indicate 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 June 2013 numbers were: 19 active listings, 10 pending sales and no closed sales. As poor as the activity was this year, it’s still an improvement over 2013.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report June 2014
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