Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for June 2011

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for June 2011

For June 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 203 active condo listings (down 8 from last month).

21 Condo sales are pending and awaiting close or lender approval (down 17 from May).

30 Condos Sold in June (Up 8 units from last month)

The condo market for zip code 34996 in Stuart saw an increase in closed sales while pending sales showed a marked decline.  Not unusual as the summer season tends to be slow for condo sales, which are mostly seasonal homes for our residents from the north.  Inventory continues to decrease, which is a good sign.  Once the supply becomes more in balance with the demand, prices will stop declining and will once again begin to rise.  Interestingly enough, quite a few higher-end condos were sold last month.