Hobe Sound FL 33455 Condo Market Report November 2016
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2016
For November 2016 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 11 active condo listings. (Up by 5 condos from October)
4 Condos are pending and awaiting close. (Up by 3 pending condos from October)
No Condos sold in November. (Decreased by 1 closed sales from October)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We have finally seen a small increase in inventory as well as pending sales which should show increased activity in future months.
With no sale for November, the absorption rate cannot be determined. 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 November 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 November 2015 numbers were: 4 active listings, 1 pending sales and 1 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report November 2016
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