Hobe Sound FL 33455 Condo Market Report June 2019
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2019
For June 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 12 active condo listings. (Up by 3 condos from May)
3 Condos are pending and awaiting close. (Unchanged from May)
1 Condo sold in June. (Down by 2 condos from May)
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. This month was slow for closed sales but with an increase in inventory, I expect better results in the coming months.
The absorption rate for Hobe Sound condos was 12 months for June (it was 3.0 months for May). 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 June 2018 numbers were: 4 active listings, 5 pending sales, and 3 closed sales. A better volume of sales and pending sales last year. TThere is a little greater inventory of condos this year.
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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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