Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for June 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for June 2011

For June 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 528 active listings (down 20 from May).

164 Residential sales are pending and awaiting close or lender approval (down 9 from last month).

60 Homes Sold in May (Up 7 from May)

For zip code 34997 in Stuart Florida, June sales were up by 7 homes while pending sales were off signifying a coming slower market for the summer and fall months, which is the typical seasonal pattern for the Treasure Coast real estate market.  The inventory continues to decline and we are back to 2005 levels which was prior to the big market slowdown.  When the supply of existing homes for sale decreases enough to equal the demand, we will then be back to a balanced (or normal) real estate market which will result in a slow increase of values once again as prices will start to once again rise.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for June 2011

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