Hobe Sound FL 33455 Residential Market Report May 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2014

 For May 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 272 active listings. (Down by 26 homes from April)

84 Residential sales are pending and awaiting close  (Decreased by 4 homes from April)

47 Homes Sold in May (Up by 5 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for May had excellent market activity across the board.  Unfortunately the inventory continues to declines which could have an effect on the total number of sales in the future as there is less to choose from for buyers.  Closed sales were up for May while pending sales were off slightly.  However both sets of activity remain quite healthy.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 5.8 months (5.4 months in April).  A slight sellers market for Hobe Sound, which is where we were for most of 2013.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2013 were:  228 active listings, 105 pending sales and 50 closed sales.   Not as robust a sellers market as it was in 2013, but still very good activity.

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