Hobe Sound FL 33455 Residential Market Report September 2016

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

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

There are currently 193 active listings. (Up by 21 homes from August)

64 Residential sales are pending and awaiting close  (Down by 25 homes from August)

47 Homes Sold in September (Down by 1 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County returned to just very active from a red hot August.  Hobe Sound remains a very strong segment of the Martin County real estate market.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.1 months (2.9 months in August).  Still in a strong sellers market for Hobe Sound residential sales.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2015 were:  162 active listings, 89 pending sales and 32 closed sales.  Better closed volume for this year while last year showed better pending activity.  All, with a somewhat higher inventory this year.

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