Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013

March 24, 2013/Gabe Sanders/Market Reports, Real Estate

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2013

For February 2013in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 103 active listings. (Down by 19 homes from last month)

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87 Residential sales are pending and awaiting close or lender approval. (Up 21 homes from January)

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17 Homes Sold (Up by 3 homes from January)

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The Jensen Beach residential real estate market, zip code 34957 for February rebounded from a slower January with increased sales and pending sales. The current inventory is now down to very low levels and unless we have more available homes, I expect numbers to decline once the sizable number of pending sales close. For the immediate future, there should be excellent sales activity as the pending sales close.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 6.1 months, a balanced market. A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The February 2012 numbers were: 155 active listings, 91 pending sales and 16 home sales closed. Considering a 50% reduction in inventory, and better pending and closed numbers, the Jensen Beach real estate market is doing very well.

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