Hobe Sound FL 33455 Residential Market Report October 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2017

  For October 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 212 active listings. (Increased by 35 homes from September)

49 Residential sales are pending and awaiting close  (Down by 8 homes from September)

29 Homes Sold in October (Up by 1 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 showed a second slower month with an unexpected jump in inventory.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week in September.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 jumped to 7.3 months ( It was 6.3 months in September).  Now a buyer’s market after a brief month as a balanced 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 October 2016 were:  198 active listings, 59 pending sales, and 33 closed sales.  Better activity for 2016 on slightly lower inventory levels.

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