Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2012

For November 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 301 active listings. ( An increase of 1 home from October)

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96 Residential sales are pending and awaiting close or lender approval (An increase of 17 homes from October)

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29 Homes Sold in November (An increase of 3 homes from last month)

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Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  Inventory remained basically unchanged while we had increases in both pending and closed sales.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 10.4 months from last month’s 11.5 months.  While still a buyer’s market, it’s considerably closer to a balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2011 were:  316 active listings, 71 pending sales and 15 closed sales.   We continue to have considerably improved activity as compared to last year.

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