Hobe Sound FL 33455 Condo Market Report September 2018
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2018
For September 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 7 active condo listings. (Increased by 3 condos from August)
1 Condo is pending and awaiting close. (Down by 3 condos from August)
3 Condos sold in September. (Down by 1 condo from August)
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 2.3 months for September as compared to 1.0 months in August). 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 September 2017 numbers were: 17 active listings, 3 pending sales, and 1 closed sales. Much better activity this year on a vastly smaller number of condos for sale.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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