Hobe Sound FL 33455 Condo Market Report October 2016
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2016
For October 2016 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 6 active condo listings. (Up by 1 condos from September)
1 Condos are pending and awaiting close. (Down by 2 pending condos from September)
1 Condos sold in October. (Decreased by 2 closed sales from September)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.
For October, 2016 the absorption rate is 6 month (it was 1.7 months in September). 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 October 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 October 2015 numbers were: 4 active listings, 0 pending sales and 3 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 October 2016
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