Hobe Sound FL 33455 Condo Market Report November 2018
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2018
For November 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 2 active condo listings. (Decreased by 1 condo from October)
8 Condos are pending and awaiting close. (Up by 2 condos from October)
3 Condos sold in November. (Up by 1 condo from October)
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 moving off the market quite fast.
The absorption rate for Hobe Sound condos was 0.7 months for November as compared to 1.5 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 2017 numbers were: 15 active listings, 6 pending sales, and 3 closed sales. Similar sales activity when compared to last year but with hardly any inventory of condos for sale.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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