Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for May 2011

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for May 2011

For May 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 532 active listings (an increase of 8 from April)

129 Residential sales are pending and awaiting close or lender approval. (Down 22 from last month)

61 Homes Sold in May (up 2 for April)

After a fairly robust spring activity, the Palm City, Florida residential market appears to be cooling. While we had a slight increase in sales, the pending sales activity decreased and for the first time in over three months, we’ve seen an increase in inventory. This is showing signs of a weaker summer ahead if this trend continues for Palm City.

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for May 2011

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