Hobe Sound FL 33455 Residential Market Report October 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2019

There are currently 172 active listings. (Down by 6 homes from September)

73 Residential sales are pending and awaiting close  (Up by 1 home from September)

49 Homes Sold in October (Up by 9 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had an active October with more closed sales than the previous month.  The pending sales remain quite strong as well.

The current absorption rate for the Hobe Sound residential market dropped to 3.5 months (It was 4.5 months in September).  Remaining as a seller’s 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 October 2018 were: 194 active listings, 49 pending sales, and 52 closed sales.  With a smaller inventory of available homes for sale, sales were the same and pending sales were greater than last year.

Click here to view the previous Hobe Sound condo market reports

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