Hobe Sound FL 33455 Condo Market Report October 2019
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2019
For October 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 10 active condo listings. (Unchanged from September)
4 Condos are pending and awaiting close. (Up by 1 condo from September)
4 Condos sold in October. (Down by 1 condo from September)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. As a result, it is difficult to track such small numbers though this market remains quite active.
The absorption rate for Hobe Sound condos was 2.5 months for October (it was 2.0 months for 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 2018 numbers were: 3 active listings, 6 pending sales, and 2 closed sales. It’s difficult to make meaningful comparisons with last year when there’s such a small sampling of condos in Hobe Sound. Though, there was a bit more activity this year.
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Click here to view previous Hobe Sound FL 33455 Condo Market Report
For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.
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