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

November 20, 2012/Gabe Sanders/Market Reports, Real Estate

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

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

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

There are currently 109 active listings. (Down 19 homes from last month)

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74 Residential sales are pending and awaiting close or lender approval. (Down 4 homes from September)

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24 Homes Sold (Down 1 home from September)

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The Jensen Beach residential real estate market, zip code 34957 remained at a steady pace for October. Very little change from September with the exception of a fairly sizable drop in inventory to just over 100 homes actively on the market. This is a very low number for the Jensen beach area of Martin County.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 4.5 months. This is the best sellers market in our area 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 October 2011 numbers were: 146 active listings, 84 pending sales and 6 home sales closed. Even with significantly less inventory, much better sales figures for October 2012.

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