Hobe Sound FL 33455 Residential Market Report April 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2019

  For April 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 227 active listings. (Down by 9 homes from March)

90 Residential sales are pending and awaiting close  (Down by 3 homes from March)

47 Homes Sold in April (Up by 12 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 did very well with an increase in the number of closed sales.  The inventory and pending sales were both off slightly.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.8 months (It was 6.7 months in March).  Transitioning back into a seller’s market after two months in a balanced one.  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 2018 were:  185 active listings, 101 pending sales, and 52 closed sales.  There was a greater volume of both closed and pending sales last year even with a reduced number of homes for sale.

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