Hobe Sound FL 33455 Condo Market Report March 2019
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2019
For March 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently only 4 active condo listings. (Up by 2 condos from February)
1 Condo is pending and awaiting close. (Down by 1 condo from February)
3 Condos sold in March. (Up by 2 condos from February)
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 selling well.
The absorption rate for Hobe Sound condos was 0.33 months for March as compared to 2 months in February). 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 March 2018 numbers were: 9 active listings, 9 pending sales, and 2 closed sales. Considerably better activity last year, along with a greater number of condos available for sale.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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