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

February 22, 2013/Gabe Sanders/Market Reports, Real Estate

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

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

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

There are currently 122 active listings. (Up 9 homes from last month)

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66 Residential sales are pending and awaiting close or lender approval. (Up 14 homes from December)

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14 Homes Sold (Down 12 homes from December)

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The Jensen Beach residential real estate market, zip code 34957 for January showed a marked decrease in closed sales. This is not unusual after strong closed sales for the end of the previous year. With the new year, there’s another month of some increased inventory along with a sizable increase in pending sales. This should result in an active spring market for the 34957 zip code area of Martin County.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 8 months. This is a market that favors buyers over sellers. A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The January 2012 numbers were: 293 active listings, 96 pending sales and 23 home sales closed. Our current inventory is down to almost half of what it was last year. Because of that, our market activity is also lower this year.

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