Hobe Sound FL 33455 Residential Market Report November 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2016

  For November 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 203 active listings. (Up by 5 homes from October)

64 Residential sales are pending and awaiting close  (Up by 5 homes from October)

33 Homes Sold in November (Up by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues with somewhat slower activity as the inventory grows and the increase in both closed sales and pending sales are not keeping up with this increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6.5 months (6 months in October).  A balanced market for the second month after numerous years of a strong sellers 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 November 2015 were:  166 active listings, 75 pending sales and 28 closed sales.  Better closed sales for this year but less pending sales.  All this with a sizeable increase in inventory of available homes.

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