Hobe Sound FL 33455 Residential Market Report April 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2018

  For April 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 185 active listings. (Decreased by 9 homes from March)

101 Residential sales are pending and awaiting close  (Down by 4 homes from March)

52 Homes Sold in April (Up by 7 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 showed strong activity for April with closed sales increasing from March as well as strong pending sales numbers.  The inventory is getting quite low by historical standards and could use some mprovemtn with more homes for sale.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 3.6 months ( It was 4.3 months in March).  In a pretty extreme seller’s market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for April 2017 were:  183 active listings, 94 pending sales, and 54 closed sales.  A very hot market that is similar in sales volume and inventory to last year.

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