Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for August 2011

For August 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 153 active listings. (A decrease of 10 from last June)

75 Residential sales are pending and awaiting close or lender approval. (A decrease of 2 homes from June)

18 Homes Sold (Up 6 from June and down 2 from July)

The Jensen Beach, Florida real estate market continues to show improvements with inventory levels now approaching pre-bubble levels.  Homes priced within market value ranges are enjoying relatively short market days and both foreclosure and short sales are grabbed up in minimum time.   Current pending sales tend to be skewed towards the lower price ranges as very affordable loan rates are making home ownership much more attractive of an alternative to renting for anyone that can qualify for a loan.  

I expect good movement this fall and winter in the mid to upper segment of the Jensen beach real estate market if we get some positive economic news locally and from Washington.