Jensen Beach Florida Market Report ZIP Code 34957 – Residential, August 2012

September 19, 2012/Gabe Sanders/Market Reports, Real Estate

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, August 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for August 2012

For August 2012 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 128 active listings. (Up 15 homes from last month)

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83 Residential sales are pending and awaiting close or lender approval. (Down 11 homes from July)

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26 Homes Sold (Up 4 homes from July)

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Another positive month for the Jensen Beach residential real estate market, zip code 34957. The inventory increased for August, which is now a positive sign as it was getting very low. With a little more inventory, buyers will have a better selection of homes to choose from. Closed sales were up, while pending sales decreased.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 4.9 months. This signifies a sellers market, in which the seller has an advantage over the buyer due to low inventory and increased demand. A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The August 2011 numbers were: 153 active listings, 75 pending sales and 18 home sales closed. Even with significantly less inventory, much better sales figures for August 2012.

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