Hobe Sound FL 33455 Residential Market Report November 2018

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

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

There are currently 207 active listings. (Up by 13 homes from October)

63 Residential sales are pending and awaiting close  (Up by 14 homes from October)

18 Homes Sold in November (Down by 34 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a large drop in closed sales for November as compared to last month.  Inventory and pending sales rose for the month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 shot up to 11.5 months (It was 3.7 months in October).  Jumping into a strong buyer’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 November 2017 were:  195 active listings, 52 pending sales, and 32 closed sales.  Better sales activity last year.

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