For February 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 60 active listings. ( A decrease of 6 condos from January)

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31 Condo sales are pending and awaiting close or lender approval. (Up by 4 condos from January)

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9 Condos Sold (Increased by 4 condos from January)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  The small inventory gained for the past three months but decreased in February.   Closed and pending sales both showed improvements for February.   It appears that we are on track to have an active condo market in the Jensen Beach area of Martin County.

The one month absorption rate for the February 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 6.7 months.   Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The February 2012 numbers were: 68 active listings, 21 pending sales and 2 condos closed.  Similar to last year’s activity,  but with some improved sales and pending activity.