Hobe Sound FL 33455 Residential Market Report June 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2015

  For June 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 150 active listings. (Down by 30 homes from May)

119 Residential sales are pending and awaiting close  (Up by 6 homes from May)

61 Homes Sold in June (Down by 4 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace for sales.  Though the continuing drop in available inventory will soon effect the volume of sales unless more product goes back on the market.  Can’t sell it if it’s not available.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 2.5 months (2.8 months in May).  Still an extreme seller’s market for the Hobe Sound area of Martin County.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2014 were:  261 active listings, 95 pending sales and 40 closed sales.   A very significant drop in inventory, yet the volume remains better than last year.

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