Stuart FL 34997 Residential Market Report February 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2018

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

There are currently 307 active listings (Increased by 15 homes from January).

155 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from January).

65 Homes Sold in February (Increased by 7 homes from January)

      The Stuart Florida Residential Market for ZIP Code 34997 showed improvement in all tracked metrics for this report.  Of note are two months of increased inventory which is good news for the market.

     The absorption rate decreased to 4.7 months (was 5.0 months for January).  Still in a seller’s market for the 34997 zip code area of Stuart for February 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

     The 2017 numbers for February, were: 343 active listings, 182 pending listings, and 74 closed sales.  Better activity last February but this was with a greater inventory of available homes for sale.

Stuart FL 34997 Residential Market Report January 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2018

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

There are currently 292 active listings (Increased by 12 homes from December).

144 Residential sales are pending and awaiting close or lender approval (Increased by 13 homes from December).

58 Homes Sold in January (Decreased by 23 homes from December)

      The Stuart Florida Residential Market for ZIP Code 34997 had a fairly large drop in closed sales but this is still one of the most active markets in Martin County residential real estate.

     The absorption rate jumped up to 5.0 months (was 3.4 months for December).  Still in a seller’s market for the 34997 zip code area of Stuart for January 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2017 numbers for January, were: 354 active listings, 169 pending listings, and 61 closed sales.  Somewhat stronger volume last year but this was with a considerably larger inventory of homes for sale.

Stuart FL 34997 Residential Market Report December 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2017

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

There are currently 275 active listings (Decreased by 10 homes from November).

121 Residential sales are pending and awaiting close or lender approval (Decreased by 17 homes from November).

81 Homes Sold in December (Increased by 11 homes from November)

      The Stuart Florida Residential Market for ZIP Code 34997 continues as one of the most active segments of the Martin County Florida real estate market.

     The absorption rate inched down to 3.4 months (was 4.1 months for November).  Becoming a very extreme seller’s market for the 34997 zip code area of Stuart for December 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for December, were: 334 active listings, 120 pending listings, and 69 closed sales.  A much stroger market for sales this year on a smaller number of available homes for sale (inventory).

Stuart FL 34997 Residential Market Report November 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2017

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

There are currently 285 active listings (Decreased by 6 homes from October).

138 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from October).

70 Homes Sold in November (Increased by 2 homes from October)

      The Stuart Florida Residential Market for ZIP Code 34997 showed strong activity for November with increased pending and closed sales activity.

     The absorption rate inched down to 4.1 months (was 4.3 months for October).  Continuing as a seller’s market for the 34997 zip code area of Stuart for November 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for November, were: 328 active listings, 132 pending listings, and 62 closed sales.  A continuing better market when compared to last year with a lower inventory of available homes for sale. 

Stuart FL 34997 Residential Market Report October 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2017

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

There are currently 291 active listings (Increased by 17 homes from September).

131 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from September).

68 Homes Sold in October (Unchanged from September)

      The Stuart Florida Residential Market for ZIP Code 34997 remains active with good activity even through last September’s hurricane.

     The absorption rate inched up to 4.3 months (was 4.0 months for September).  Continuing as a seller’s market for the 34997 zip code area of Stuart for October 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for October, were: 331 active listings, 132 pending listings, and 58 closed sales.  Better closed activity this year with a lower inventory.

Stuart FL 34997 Residential Market Report September 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2017

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

There are currently 274 active listings (Decreased by 17 homes from August).

130 Residential sales are pending and awaiting close or lender approval (Decreased by 11 homes from August).

68 Homes Sold in September (Decreased by 18 homes from August)

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity but a bit weaker than last month.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.

     The absorption rate inched down to 4.0 months (was 3.4 months for August).  Continuing as a strong seller’s market for the 34997 zip code area of Stuart for September 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for September, were: 309 active listings, 132 pending listings, and 89 closed sales.  Better activity last year, but it was with a bigger selection of homes (inventory)

Stuart FL 34997 Residential Market Report August 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2017

There are currently 291 active listings (Decreased by 1 homes from July).

141 Residential sales are pending and awaiting close or lender approval (Decreased by 39 homes from July).

86 Homes Sold in August (Increased by 2 homes from July)

      The Stuart Florida Residential Market for ZIP Code 34997 continues with very active closed sales activity, but also had a large drop in pending sales for August.

     The absorption rate inched down to 3.4 months (was 3.5 months for July).  Continuing as a strong sellers’ market for the 34997 zip code area of Stuart for August 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for August, were: 297 active listings, 146 pending listings and 78 closed sales.  Very similar  activity when compared to last year.

Stuart FL 34997 Residential Market Report July 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2017

There are currently 292 active listings (Increased by 31 homes from June).

180 Residential sales are pending and awaiting close or lender approval (No change from June).

84 Homes Sold in July (Decreased by 3 homes from June)

      The Stuart Florida Residential Market for ZIP Code 34997  had a welcome increase in inventory for July along with strong pending sales numbers and slightly weaker closed sales from last month.

     The absorption rate increased to 3.5 months (was 3.0 months for June).  Continuing as a strong sellers’ market for the 34997 zip code area of Stuart for July 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for July, were: 299 active listings, 159 pending listings and 86 closed sales.  Better closed activity last year, but higher pending sales this year which indicates strong future closed sales activity.

Stuart FL 34997 Residential Market Report June 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2017

There are currently 261 active listings (Decreased by 30 homes from May).

180 Residential sales are pending and awaiting close or lender approval (Up by 12 homes from May).

87 Homes Sold in June (Decreased by 17 homes from May)

      The Stuart Florida Residential Market for ZIP Code 34997 continued with strong activity and this sement of Martin County real estate remains one of the ost active areas. I am seeing a trend of lower inventory numbers once again which may effect volume in the future.

     The absorption rate increased to 3.0 months (was 2.8 months for May).  Continuing as an extreme sellers’ market for the 34997 zip code area of Stuart for June 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for June, were: 299 active listings, 173 pending listings and 125 closed sales.  Better closed activity last year, but with a larger inventory of available homes for sale.

Stuart FL 34997 Residential Market Report May 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2017

There are currently 291 active listings (Decreased by 39 homes from April).

168 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from April).

104 Homes Sold in May (Increased by 24 homes from April)

      The Stuart Florida Residential Market for ZIP Code 34997 showed a decrease in inventory for may along with a sizeable jump in closed sales.  The pending numbers are off a bit and may show some slower closed sale activity for the near future.

     The absorption rate increased to 2.8 months (was 4.1 months for April).  We’re in an extreme sellers’ market for the 34997 zip code area of Stuart for may 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for May, were: 304 active listings, 216 pending listings and 109 closed sales.  Even with such strong activity for this year, the market was more active in 2016.

Stuart FL 34997 Residential Market Report April 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2017

There are currently 330 active listings (Decreased by 2 homes from March).

177 Residential sales are pending and awaiting close or lender approval (Down by 12 homes from March).

80 Homes Sold in April (Decreased by 14 homes from March)

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity however the activity slowed from last month as well as last year.

     The absorption rate increased to 4.1 months (was 3.5 months for March).  Still in a sellers’ market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for April, were: 309 active listings, 219 pending listings and 99 closed sales.  Better activity last April weh compared to this year.

Stuart FL 34997 Residential Market Report March 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2017

There are currently 332 active listings (Decreased by 11 homes from February).

189 Residential sales are pending and awaiting close or lender approval (Up by 7 homes from February).

94 Homes Sold in March (Increased by 20 homes from February)

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity for the spring of 2017 with increases in both pending and closed sales.

     The absorption rate decreased to 3.5 months (was 4.6 months for February).  A very strong sellers’ market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for March, were: 308 active listings, 175 pending listings and 78 closed sales.  Continued improved activity when compared to last March.

Stuart FL 34997 Residential Market Report February 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2017

 

There are currently 343 active listings (Decreased by 11 homes from January).

182 Residential sales are pending and awaiting close or lender approval (Up by 13 homes from January).

74 Homes Sold in February (Increased by 13 homes from January)

      The Stuart Florida Residential Market for ZIP Code 34997 showed a very strong second month of 2017 with increases in both pending and closed sales.

     The absorption rate decreased to 4.6 months (was 5.8 months for January).  Once again back in a sellers’ one for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for February, were: 321 active listings, 175 pending listings and 58 closed sales.  Better volume of both closed and pending sales when compared to last February.

Stuart FL 34997 Residential Market Report January 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2017

 

There are currently 354 active listings (Increased by 20 homes from December).

169 Residential sales are pending and awaiting close or lender approval (Up by 49 homes from December).

61 Homes Sold in January (Decreased by 8 homes from December)

      The Stuart Florida Residential Market for ZIP Code 34997 started the year with a big jump in inventory and a lower number of closed sales.  Pending sales, however, look very strong.

     The absorption rate decreased to 5.8 months (was 4.8 months for December).  Just about back to a balanced market, only a slight sellers’ one for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2016 numbers for January, were: 299 active listings, 156 pending listings, and 88 closed sales.  Higher inventory this year and lower volume of closed sales.  Though, pending sales look strong.

Stuart FL 34997 Residential Market Report December 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2016

There are currently 334 active listings (Increased by 6 homes from November).

120 Residential sales are pending and awaiting close or lender approval (Down by 18 homes from November).

69 Homes Sold in December (Increased by 7 homes from November)

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate.  2016 ended with strong activity and a continued advantage for sellers in this segemtn of the Stuart residential real estate market.

     The absorption rate decreased to 4.8 months (was 5.3 months for November).  Increasing the sellers market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2015 numbers for December, were: 308 active listings, 163 pending listings and 62 closed sales.  Slightly better closed sales for this year, but considerably lower pending sales with greater inventory.

Stuart FL 34997 Residential Market Report November 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2016

There are currently 328 active listings (Decreased by 3 homes from October).

138 Residential sales are pending and awaiting close or lender approval (Up by 6 homes from October).

62 Homes Sold in November (Increased by 4 homes from October)

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate.  Novembers results continued to improve from the previous month and both sales and pending sales are at good sustainable levels.

     The absorption rate decreased slightly to 5.3 months (was 5.7 months for October).  Sliding back into more of a sellers market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2015 numbers for November, were: 311 active listings, 164 pending listings and 65 closed sales.  Weaker activity for 2016 as compared to last year, but still an active market.

Stuart FL 34997 Residential Market Report October 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2016

There are currently 331 active listings (Increased by 21 homes from September).

132 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

58 Homes Sold in October (Decreased by 41 homes from September)

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate and for this month there was a sizeable slowdown in closed sales along with a big jump in inventory.

     The absorption rate decreased slightly to 5.7 months (was 3.5 months for September).  Almost back up to a balanced market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2015 numbers for October, were: 308 active listings, 163 pending listings and 66 closed sales.  Considerably stronger activity last year with less inventory.

Stuart FL 34997 Residential Market Report September 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2016

There are currently 309 active listings (Increased by 12 homes from August).

132 Residential sales are pending and awaiting close or lender approval (Down by 14 homes from August).

89 Homes Sold in September (Increased by 11 homes from August)

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate and continues to be among the most active areas with strong sales numbers.  Inventory is rising and both pending sales as well as closed sales activity will also need to increase to keep this market as strong as it has been.

     The absorption rate decreased slightly to 3.5 months (was 3.8 months for August).  Still a strong sellers’ market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2015 numbers for September, were: 277 active listings, 174 pending listings and 81 closed sales.  Somewhat better closed activity this year but also with a greater inventory and fewer pending sales.

Stuart FL 34997 Residential Market Report August 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2016

There are currently 297 active listings (Decreased by 2 homes from July).

146 Residential sales are pending and awaiting close or lender approval (Down by 13 homes from July).

78 Homes Sold in August (Decreased by 8 homes from July)

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market and remains very active.  Though, the pace has moderated a bit from last year as well as previous months.  Interestingly, the inventory of available homes is significantly higher than it was last year.

     The absorption rate increased slightly to 3.8 months (was 3.5 months for July).  Still a strong sellers’ market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2015 numbers for August, were: 247 active listings, 174 pending listings and 79 closed sales.  Our inventory is considerably larger this year, but our pending and closed sales are less than last year indicating a somewhat slower market, but this is still a strong market.

Stuart FL 34997 Residential Market Report July 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2016

There are currently 299 active listings (No change from June).

159 Residential sales are pending and awaiting close or lender approval (Down by 24 homes from June).

86 Homes Sold in July (Decreased by 39 homes from June)

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market.  This segment of the Stuart residential real estate market remains quite active though it eased just a bit from the past few month’s super-heated activity.  Which is to be expected in the summer months.

     The absorption rate increased to 3.5 months (was 2.4 months for June).  Still a strong sellers’ market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

     The 2015 numbers for July, were: 232 active listings, 190 pending listings and 83 closed sales.  When considering the greater available inventory for this year, the volume of closed and pending sales were greater last year.