For February 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 54 active condo listings (Down by 2 condos from January).

32 Condo sales are pending and awaiting close or lender approval (Down by 3 condos from January).

17 Condos Sold in February (Increased by 9 condos from January).

      The Stuart FL condo market for zip code 34997 continues with dropping inventory while still maintaining strong sales for February.

     The absorption rate plunged to 3.2 months in February compared to 7.0 months for January.  Back into a strong sellers’ market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The February 2017 numbers were: 75 active listings, 32 pending sales, and 22 closed sales.  Better closed activity last year, though there were also a greater number of available condos for sale.

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For January 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 56 active condo listings (Down by 1 condo from December).

35 Condo sales are pending and awaiting close or lender approval (Up by 18 condos from December).

8 Condos Sold in January (Decreased by 11 condos from December).

      The Stuart FL condo market for zip code 34997 Had a significant reduction of closed sales along with a very strong number of new pending sales indicating much better closed volume for the near future.

     The absorption rate jumped up to 7.0 months in January compared to 3.0 months for December.  Just about to become a buyer’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The January 2017 numbers were: 80 active listings, 34 pending sales, and 15 closed sales.  Weaker closed sales (on reduced inventory but much stronger pending sales.

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For December 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 57 active condo listings (Unchanged from November).

17 Condo sales are pending and awaiting close or lender approval (Unchanged from November).

19 Condos Sold in December (Increased by 9 condos from November).

      The Stuart FL condo market for zip code 34997 continues with very strong activity even though the inventory is now down which may be reflected in the lower pending sale numbers.

     The absorption rate decreased to 3.0 months in December compared to 4.9 months for November.  More of an extreme seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The December 2016 numbers were: 83 active listings, 29 pending sales, and 11 closed sales.  Better closed volume, but less pensingsales on a reduced inventory for December 2017.

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For November 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 49 active condo listings (Decreased by 4 condos from October).

30 Condo sales are pending and awaiting close or lender approval (Increased by 5 condos from October).

10 Condos Sold in November (Unchanged from October).

     The Stuart FL condo market for zip code 34997 had some strong activity even though the inventory is now down to extremely low levels and may impact future sales volume.

     The absorption rate decreased to 4.9 months in November compared to 5.3 months for October.  Still in a seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The November 2016 numbers were: 73 active listings, 20 pending sales, and 8 closed sales.  Much better activity for this year when one considers the greatly reduced inventory of available condos for sale.

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For October 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 53 active condo listings (Increased by 4 condos from September).

25 Condo sales are pending and awaiting close or lender approval (Increased by 7 condos from September).

10 Condos Sold in October (Decreased by 3 condos from September).

     The Stuart FL condo market for zip code 34997 continues to show strong activity even with a decrease in closed sales for the past two months.  This decrease may be attributed to Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that have continued.

     The absorption rate increased to 5.3 months in October compared to 3.8 months for September.  Still in a seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The October 2016 numbers were: 72 active listings, 27 pending sales, and 6 closed sales.  Better closed sales this year even with a lower inventory of available condos.

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For September 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 49 active condo listings (Increased by 5 condos from August).

18 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from August).

13 Condos Sold in September (Decreased by 4 condos from August).

     The Stuart FL condo market for zip code 34997 continues to show strong activity but also now with a troubling decrease in available condos for sale.  This month’s activity may been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

     The absorption rate increased to 3.8 months in September compared to 2.6 months for August.  Still in a very strong sellers’ market for the 34997 zip code of Stuart FL.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The September 2016 numbers were: 72 active listings, 19 pending sales, and 16 closed sales.  Better closed sales last year but that was with a much greater inventory of available condos.

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For August 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Decreased by 17 condos from July).

23 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from July).

17 Condos Sold in August (Decreased by 8 condos from July).

     The Stuart FL condo market for zip code 34997 continues to show very strong activity but also shows a troubling decrease in available condos for sale.

     The absorption rate inched down to 2.6 months in August compared to 2.4 months for July.  Still in a very strong sellers’ market for the 34997 zip code of Stuart FL.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The August 2016 numbers were: 65 active listings, 28 pending sales, and 12 closed sales.  Better closed sales this year but a decrease in inventory and pending sales.

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For July 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 61 active condo listings (Increased by 11 condos from June).

32 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from June).

25 Condos Sold in July (Increased by 18 condos from June).

     The Stuart FL condo market for zip code 34997 returned to a very strong market activity after a very strange month in June.

     The absorption rate plunged to 2.4 months in July compared to 7.1 months for June.  Back into a very strong sellers’ market for the 34997 zip code of Stuart FL.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The July 2016 numbers were: 73 active listings, 25 pending sales, and 10 closed sales.  Considerably stronger activity this year on a reduced inventory of condos available for sale.

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For June 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 50 active condo listings (Decreased by 11 condos from May).

33 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from May).

7 Condos Sold in June (Decreased by 30 condos from May).

     The Stuart FL condo market for zip code 34997 is showing some strange numbers with sales dropping significantly from last month (which was an abnormally strong month).  Pending sales remain strong but inventory is dropping to troubling levels.

     The absorption rate plunged to 7.1 months in June compared to 1.6 months for May.  Back into a buyers’ market for the 34997 zip code of Stuart FL.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The June 2016 numbers were: 74 active listings, 27 pending sales, and 24 closed sales.  Considerably stronger closed sales last year while we have a little better pending sales numbers for this year.  Though, a troubling decrease in available condos for sale.

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For May 2017 in the 34997 Zip Code area of Stuart, Florida :

There are currently 61 active condo listings (Decreased by 9 condos from April).

22 Condo sales are pending and awaiting close or lender approval (Decreased by 22 condos from April).

37 Condos Sold in May (Increased by 32 condos from April).

     The Stuart FL condo market for zip code 34997 had a surprisingly large jump in closed sales after a disapointing prior month.  Pending sales are down, though, an it will be very difficult to have this kind of activity continue through the coming summer months.  The inventoy is also down.

     The absorption rate plunged to 1.6 months in May from 14 months for April.  A huge shift into a sellers’ market for the 34997 zip code of Stuart FL.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The May 2016 numbers were: 73 active listings, 40 pending sales and 17 closed sales.  Considerably stronger closed sales this month compared to last year.

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For April 2017 in the 34997 Zip Code area of Stuart, Florida :

There are currently 70 active condo listings (Decreased by 5 condos from March).

44 Condo sales are pending and awaiting close or lender approval (Unchanged from March).

5 Condos Sold in April (Decreased by 13 condos from March).

     The Stuart FL condo market for zip code 34997 showed a large (and unexpectd0 decrease in closed sales for the month.  Pending sales remain strong, so this may just be a one month anomaly.

     The absorption rate jumped to 14 months in April from 4.2 months for March.  A big shift into a buyers’ market for the 34997 zip code of Stuart FL.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The April 2016 numbers were: 71 active listings, 39 pending sales and 16 closed sales.  A very unexpected decrease in closed sales when compared to last year.

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For March 2017 in the 34997 Zip Code area of Stuart, Florida :

There are currently 75 active condo listings (Decreased by 5 condos from February).

44 Condo sales are pending and awaiting close or lender approval (Up by 12 condos from February).

18 Condos Sold in March (Decreased by 4 condos from February).

     The Stuart FL condo market for zip code 34997 was the only segment of the Stuart market with a slightly lower volume of closed sales, but this market remains quite active and looks to continue as a strong market for the rest of this spring.

     The absorption rate rose to 4.2 months in March from 3.4 months for February.  Still a sellers’ market for the 34997 zip code of Stuart FL.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The March 2016 numbers were: 75 active listings, 38 pending sales and 21 closed sales.  The only segment of the Stuart market with weaker closed sales than last year, but still strong activity and a good market.

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For February 2017 in the 34997 Zip Code area of Stuart, Florida :

There are currently 75 active condo listings (Decreased by 5 condos from January).

32 Condo sales are pending and awaiting close or lender approval (Down by 2 condos from January).

22 Condos Sold in February (Increased by 7 condos from January).

     The Stuart FL condo market for zip code 34997 continued with even a more active month for the February 2017 time period.

     The absorption rate plunged to 3.4 months in February from 5.3 months for January.  Going into even a stronger sellers’ market for the 34997 zip code of Stuart FL. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The February 2016 numbers were: 78 active listings, 38 pending sales and 9 closed sales.  Considerably stronger activity for this year as compared to 2016.

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For January 2017 in the 34997 Zip Code area of Stuart, Florida :

There are currently 80 active condo listings (Decreased by 3 condos from December).

34 Condo sales are pending and awaiting close or lender approval (Up by 5 condos from December).

15 Condos Sold in January (Increased by 4 condos from December).

     The Stuart FL condo market for zip code 34997 showed a strong start to the beginning of 2017 with increases in both pending and closed sales.

     The absorption rate dropped to 5.3 months in January from 7.5 months for December.  Back into a sellers’ market for the 34997 zip code of Stuart FL. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The January 2016 numbers were: 79 active listings, 29 pending sales and 8 closed sales.  Considerably improved activity for this year as compared to 2016.

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For December 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Increased by 10 condos from November).

29 Condo sales are pending and awaiting close or lender approval (Up by 9 condos from November).

11 Condos Sold in December (Increased by 3 condos from November).

     The Stuart FL condo market for zip code 34997 showed continued improvement from last month and is trending towards a more robust real estate market.

     The absorption rate dropped to 7.5 months in December from 9.1 months for November.  Continuing as a buyers’ market for the 34997 zip code of Stuart FL, though tending in the right direction. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The December 2015 numbers were: 63 active listings, 19 pending sales and 21 closed sales.  Better sales numbers from last year, though the pending listings this year look promising.

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For November 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 73 active condo listings (Increased by 1 condo from October).

20 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from October).

8 Condos Sold in November (Increased by 2 condos from October).

     The Stuart FL condo market for zip code 34997 showed a small increase in sales activity while also having reduced pending sales.  The inventory remained fairly steady from last month.

     The absorption rate dropped to 9.1 months in November from 12 months for October.  Continuing as a buyers’ market for the 34997 zip code of Stuart FL, though not as extreme as last month. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The November 2015 numbers were: 58 active listings, 29 pending sales and 9 closed sales.  Considerably greater sales activity last year with less available inventory.

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For October 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 72 active condo listings (Unchaged from September).

27 Condo sales are pending and awaiting close or lender approval (Up by 8 condos from September).

6 Condos Sold in October (Decreased by 10 condos from September).

     The Stuart FL condo market for zip code 34997 had reduced sales activity and increased inventory for October 2016 with a promising increase in pending sales.

     The absorption rate dropped to 12 months in October from 4.5 months for September. A buyers’ market for the first time in a while for the 34997 zip code of Stuart FL. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The October 2015 numbers were: 59 active listings, 21 pending sales and 12 closed sales.  Better pending activity this year with less closed sales activity.  The inventory is up.

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For September 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 72 active condo listings (Up by 7 condos from August).

19 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from August).

16 Condos Sold in September (Increased by 4 condos from August).

     The Stuart FL condo market for zip code 34997 continues to show excellent market activity with increased sales and an improving inventory along with strong future sales (pending sales).

     The absorption rate dropped to 4.5 months in September from 5.4 months for August. Remaining as a seller’ market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The September 2015 numbers were: 52 active listings, 19 pending sales and 8 closed sales.  Considerably stronger closed activity this year along with a much improved inventory.

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For August 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 65 active condo listings (Down by 8 condos from July).

28 Condo sales are pending and awaiting close or lender approval (Up by 3 condos from July).

12 Condos Sold in August (Increased by 2 condos from July).

     The Stuart FL condo market for zip code 34997 showed increased sales and pending sales from last month.  A somewhat surprising result as we are in the typically slower condo market during the summer and early fall months.

     The absorption rate dropped to 5.4 months in August from 7.3 months for July.  Back into a seller’ market for the 34997 zip code area of Stuart condos after one month of being in a buyers’ market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The August 2015 numbers were: 46 active listings, 18 pending sales and 6 closed sales.  Better activity on a greater inventory for this year as compared to last August.

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For July 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 73 active condo listings (Down by 1 condos from June).

25 Condo sales are pending and awaiting close or lender approval (Down by 2 condos from June).

10 Condos Sold in July (Decreased by 14 condos from June).

     The Stuart FL condo market for zip code 34997 moderated as we enter into the summer season.  This should only be a temporary seasonal fluctuation.

     The absorption rate jumped to 7.3 months in July from 3.1 months for June.  Back into a buyers’ market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

 The July 2015 numbers were: 38 active listings, 12 pending sales and 10 closed sales.  Considerably greater inventory this year yet only similar sales figures.

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