Hobe Sound FL 33455 Residential Market Report December 2018

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

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

There are currently 218 active listings. (Up by 11 homes from November)

50 Residential sales are pending and awaiting close  (Down by 13 homes from November)

39 Homes Sold in December (Up by 21 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a rebound in closed sales after a terrible November.  There was a decline in pending sales that may affect closed sales in the months ahead.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.6 months (It was 11.5 months in November).  Returning into a slight seller’s market for Hobe Sound residential real estate after one month as a buyer’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 December 2017 were:  189 active listings, 62 pending sales, and 24 closed sales.  A larger inventory this year and better closed sales volume.  Unfortunately, a  smaller number of pending sales.

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