Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

For June 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 79 active listings (Down 10 from May).

36 Residential sales are pending and awaiting close or lender approval (up 5 from last month).

10 Homes Sold in June (up 1 from May)

Residential market activity for the 34994 zip code area of Stuart Florida was strong for June 2011.  Sales were up by one unit to 10, but more importantly over a 10% decrease in inventory as well as a solid increase to 36 pending sales.  All this during a month of fairly bad economic news with a lot of uncertainty as to the future economic conditions of the area.  As the inventory declines, and fewer homes are available, eventually, pressure for increased prices will come.