Jensen Beach FL 34957 Condo Market Report August 2014
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2014
For August 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
There are currently 26 active listings. (Down 4 condos from July)
16 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from July)
3 Condos Sold (Up by 1 condo from July)
The Jensen Beach FL 34957 Condo Market Report August 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped with the third month of decreasing inventory in August. Pending sales increased by 3 condos and closed sales were up by 1. The increase in pending sales should result in some additional closed sales in the near future.
The one month absorption rate for the August 2014, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 8.7 months (30 months in July), still a buyers market after an exceptionally active spring. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.
The August 2013 numbers were: 30 active listings, 17 pending sales and 12 condos closed. It was a much stronger market for Jensen Beach condos in 2013.
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Jensen Beach Florida Real Estate presented by:
Gabe Sanders
Jensen Beach FL 34957 Condo Market Report August 2014
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