Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2013

For January 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 262 active listings. ( A decrease of 31 homes from December)

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96 Residential sales are pending and awaiting close or lender approval (An increase of 12 homes from December)

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28 Homes Sold in January (A decrease of 17 homes from last month)

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After a very strong fall and winter from the Hobe Sound residential real estate market (zip code 33455) of Martin County, January has started off with a bit of a whimper.  Closed sales were off and the inventory was also down.  Pending sales were the only bright spot with an increase of 12 homes under contract.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.4 months.  Back to a buyer’s market again.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2012 were:  359 active listings, 78 pending sales and 22 closed sales.   Compared to last year, we have considerably stronger activity in January of 2013 with better numbers, especially considering a much smaller number of available homes (inventory).

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