Hobe Sound FL 33455 Residential Market Report July 2018

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

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

There are currently 192 active listings. (Unchanged from June)

68 Residential sales are pending and awaiting close  (Down by 12 homes from June)

53 Homes Sold in July (Up by 4 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 continues to show strong activity with closed sales up from last month while pending sales were off a bit on steady inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 3.6 months ( It was 3.9 months in June).  Remaining in a 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 July 2017 were:  208 active listings, 82 pending sales, and 32 closed sales.  Considerably stronger closed sales this year along with weaker pending sales.

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