Hobe Sound FL 33455 Condo Market Report October 2017
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2017
For October 2017 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 13 active condo listings. (Decreased by 4 condos from September)
8 Condos are pending and awaiting close. (Up by 5 condo from September)
1 Condos sold in October. (Unchanged from September)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory dropped this month while sales remained slow. There was a good jump in pending sales which could have a positive impact on future closed sales.
The absorption rate for Hobe Sound condos was 13 months for October as compared to 17 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 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 October 2016 numbers were: 6 active listings, 1 pending sales, and 1 closed sales. Slightly higher 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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