For October 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 33 active listings. (Down by 1 condos from September)

14 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from September)

3 Condos Sold (Down by 7 condo from September)

 The Jensen Beach FL 34957 Condo Market Report October 2014 remains a small sector as far as condos in Martin County.  Unfortunately closed sales were down this month after a very good month in September.  Pending sales increased though, which is a good sign for future activity.

The one month absorption rate for the October 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 11 months (3.4 months in September), now a strong sellers market after a couple of weak summer months.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2013 numbers were: 36 active listings, 13 pending sales and 7 condos closed.   Slightly better activity last year, but with such a small number it’s difficult to draw meaningful comparisons.