Hobe Sound FL 33455 Condo Market Report March 2017
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2017
For March 2017 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 16 active condo listings. (Increased by 3 condos from February)
4 Condo is pending and awaiting close. (Down by 2 pending condos from February)
4 Condos sold in March. (Increased by 2 closed sales from February)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. There continues to be solid activity, though with such small numbers, trends are difficult to analyze.
The absorption rate for Hobe Sound condos decreased to 4.0 months for March (was 6.5 in February). A sellers market for Hobe Sound condos. 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 March 2016 numbers were: 5 active listings, 7 pending sales and 3 closed sales. Activity seems to be improving here but it’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though this segment appears to be returning to more normal volume.
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report March 2017
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