Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2013
For July 2013 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 14 active condo listings. (Down by 2 condos from July)
8 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from July)
1 Condos sold in July (Decreased by 4 condos from July)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. With an inventory of only 12 active condos it’s not surprising to see decreasing market activity in this segment of the market. All statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that may not indicate a true trend in the market.
The absorption rate for August jumped to 14 moths from last months sellers market of 3.2 months. Back to a strong buyer advantage for those in the Hobe Sound condo market.. Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The August 2012 numbers were: 26 active listings, 7 pending sales and 2 closed sales. Inventory is less than half of last year, which relates to the slower activity for August of 2013.
Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:
Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013
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