Hobe Sound FL 33455 Condo Market Report November 2017
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2017
For November 2017 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 15 active condo listings. (Increased by 2 condos from October)
6 Condos are pending and awaiting close. (Down by 2 condo from October)
3 Condos sold in November. (Up by 2 condos from October)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Market activity improved this month when compared to last month.
The absorption rate for Hobe Sound condos was 5 months for November as compared to 13 months in October). 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 November 2016 numbers were: 11 active listings, 4 pending sales, and 0 closed sales. Somewhat stronger activity this year as compared to last year.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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