Jensen Beach FL 34957 Residential Market Report May 2018
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for May 2018
For May 2018 in the 34957 Zip Code area of Jensen Beach, Florida:
There are currently 159 active listings. (Down by 10 from last month)
90 Residential sales are pending and awaiting close or lender approval. (Down by 12 homes from April)
60 Homes Sold (Increased by 1 homes from April)
The Jensen Beach FL 34957 Residential Market showed quite strong activity for another month. The decreasing inventory of available homes for sale is a concern. It could mean reduced volume of sales in the coming months until this trend reverses itself.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.7 months ( was 2.9 months in April). A very strong seller’s market for Jensen Beach residential sales after a month that inched close to a balanced market. A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The May 2017 numbers were: 178 active listings, 77 pending sales, and 47 home sales closed. There was considerably stronger activity this year as compared to last year. More impressive when the fact of a significantly lower number of homes are available this year.
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