Hobe Sound FL 33455 Residential Market Report September 2018

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

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

There are currently 168 active listings. (Down by 4 homes from August)

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

48 Homes Sold in September (Up by 11 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice increase in closed sales and a drop in the pending sales.  Inventory remains a bit lower than we would prefer.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 3.5 months (It was 4.6 months in August).  Remaining in a strong seller’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 September 2017 were:  177 active listings, 57 pending sales, and 28 closed sales.  Considerably better activity this year on a reduced number of homes available for sale.

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