Hobe Sound FL 33455 Residential Market Report August 2019

Hobe Sound FL 33455 Residential Market Report August 2019

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

There are currently 190 active listings. (Down by 5 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2019

67 Residential sales are pending and awaiting close  (Down by 9 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2019

47 Homes Sold in August (Up by 9 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2019

The Hobe Sound Florida Market Report ZIP Code 33455 continues to be a strong and active residential real estate market even though the activity has moderated a bit in the past two months.

The current absorption rate for the Hobe Sound residential market dropped to 4.0 months (It was 5.1 months in July).  Remaining as a strong seller’s market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2018 were: 172 active listings, 81 pending sales, and 37 closed sales.  A better number of closed sales this year while pending sales were stronger last year on a reduced number of homes for sale.

Hobe Sound FL 33455 Residential Market Report August 2019

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Hobe Sound FL 33455 Residential Market Report August 2019

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