Stuart Florida 34994 Residential Market Report February 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 2018

For February 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 81 active listings (Down by 5 homes from January)

41 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from last month).

13 Homes Sold in January (Increased by 2 homes from January)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida has gained inventory for two months in arow unlike most areas in Martin County.  Both sales and pending sales also increased.

The one-month absorption rate for the 34994 zip code for January dipped to 6.2 months from 7.8 months for January.  Returning to a balanced market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2017 numbers were 68 Active Listings, 25 pending sales, and 10 closed sales.  One of the few areas of Martin County with increased inventory from last year along with better sales volume.

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Stuart Florida 34994 Residential Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2018

For January 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 86 active listings (Down by 3 homes from December)

38 Residential sales are pending and awaiting close or lender approval (Increased by 17 homes from last month).

11 Homes Sold in December (Decreased by 3 homes from December)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to gain inventory while sales are not keeping up with this increased volume of available homes for sale.  I expect this to abate as we have a strong volume of pending sales.

The one-month absorption rate for the 34994 zip code for December rose to 7.8 months from 6.4 months for December.  Entering into a buyer’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2017 numbers were 74 Active Listings, 22 pending sales, and 7 closed sales.  Considerably stronger activity this January with a greater inventory of available homes for sale.

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Stuart Florida 34994 Residential Market Report November 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2017

For November 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 81 active listings (Up by 4 homes from October)

28 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).

13 Homes Sold in October (Increased by 1 homes from October)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed continued positive sales and pending numbers along with an unusual rise in inventory.

The one-month absorption rate for the 34994 zip code for November decreased to 6.2 months from 6.3 months for October.  Remaining in a balanced market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The November 2016 numbers were 45 Active Listings, 31 pending sales, and 14 closed sales.  Similar pending and sales numbers this year but this is with almost double the inventory, making for a much poorer ratio as compared to last year.

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Stuart Florida 34994 Residential Market Report October 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2017

For October 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Unchanged from September)

27 Residential sales are pending and awaiting close or lender approval (Increased by 6 homes from last month).

12 Homes Sold in September (Increased by 4 homes from September)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded some from the previous month’s slower hurricane impacted activity.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from 9.5 months for September.  Bringing the 34994 zip code area of Stuart, FL back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2016 numbers were 56 Active Listings, 32 pending sales, and 16 closed sales.  Better sales and pending activity last year even though the inventory was smaller.  Some of this year’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that continued longer.

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Stuart Florida 34994 Residential Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2017

For September 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Decreased by 1 homes from August)

21 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

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

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had slightly weaker activity for September.  Some of this might have been hurricane related.

The one month absorption rate for the 34994 zip code for September increased to 9.5 months from 4.8 months for August.  Bringing the 34994 zip code area of Stuart, FL back into a buyer’s market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2016 numbers were 64 Active Listings, 34 pending sales, and 11 closed sales.  Better sales and pending activity last year with a little larger inventory.  Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

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Stuart Florida 34994 Residential Real Estate Market Report August 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2017

For August 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 77 active listings (Increased by 2 homes from July)

26 Residential sales are pending and awaiting close or lender approval (Decreased by 3 homes from last month).

16 Homes Sold in July (Increased by 4 homes from July)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had strong activity for August with strong sales activity.

The one month absorption rate for the 34994 zip code for August dropped to 4.8 months from 6.25 months for July.  Bringing the 34994 zip code area of Stuart, FL back into a sellers’ market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2016 numbers were 64 Active Listings, 25 pending sales, and 13 closed sales.  Better sales and pending activity this year with a little larger inventory.

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Stuart Florida 34994 Residential Real Estate Market Report July 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2017

For July 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 75 active listings (Increased by 3 homes from June)

29 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

12 Homes Sold in June (Down by 4 homes from June)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida remains active but at a slower rate as we head into the summer season.

The one month absorption rate for the 34994 zip code for July increased to 6.25 months from 5.5 months for June.  Bringing the 34994 zip code area of Stuart, FL back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2016 numbers were 70 Active Listings, 34 pending sales, and 18 closed sales.  Better sales and pending activity last year with a little larger inventory.

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Stuart Florida Market Report ZIP Code 34994 Residential June 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2017

For June, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 72 active listings (Increased by 1 homes from May)

34 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from last month).

16 Homes Sold in May (Up by 3 homes from May)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues into summer with solid market activity.

The one month absorption rate for the 34994 zip code for June increased to 5.5 months from 4.4 months for May.  Making a movement closer to a balanced market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2016 numbers were 70 Active Listings, 33 pending sales and 17 closed sales.  Better closed activity last year though the current pending numbers may show better upcoming closed sales for this year.

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Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for May 2017

For May, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 71 active listings (Increased by 2 homes from April)

32 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

16 Homes Sold in April (Up by 4 homes from April)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with strong activity for May.

The one month absorption rate for the 34994 zip code for May decreased to 4.4 months from 5.8 months for April.  Trending back towards more of a sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2016 numbers were 62 Active Listings, 43 pending sales and 18 closed sales.  Better pending and closed activity last year with less inventory.

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Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2017

For April, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 69 active listings (Unchanged from March)

33 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

12 Homes Sold in March (Down by 3 homes from March)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida retreated a bit with both pending sales and closed sales decreasing for the month of April.

The one month absorption rate for the 34994 zip code for April increased to 5.8 months from 4.6 months for March.  Once again approaching a balanced market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2016 numbers were 65 Active Listings, 49 pending sales and 10 closed sales.  Considerably better pending sales activity last year with a slightly higher closed sales activity for this year.

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Stuart Florida Market Report ZIP Code 34994 Residential March 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2017

For March, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 69 active listings (Decreased by 5 homes from February)

34 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

15 Homes Sold in February (Up by 5 homes from February)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued to improve with both pending sales and closed sales increasing for the month of March.

The one month absorption rate for the 34994 zip code for March dropped to 4.6 months from 6.8 months for February.  Transitioning into a strong sellers market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2016 numbers were 62 Active Listings, 33 pending sales and 15 closed sales.  Very similar activity to last year.

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Stuart Florida Market Report ZIP Code 34994 Residential February 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 2017

For February, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 74 active listings (Decreased by 6 homes from January)

25 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from last month).

10 Homes Sold in January (Up by 3 homes from January)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida regained some lost momentum from the previous month.

The one month absorption rate for the 34994 zip code for February dropped to 6.8 months from 10.6 months for January.  Moving into a balanced market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2016 numbers were 69 Active Listings, 24 pending sales and 13 closed sales.  Slightly weaker activity for this year.

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Stuart Florida Market Report ZIP Code 34994 Residential January 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2017

For January, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 74 active listings (Increased by 22 homes from December)

22 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from last month).

7 Homes Sold in December (Down by 12 homes from December)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida began 2017 with a drop inactivity along with a big jump in inventory.

The one month absorption rate for the 34994 zip code for January jumped to 10.6 months from 2.7 months for December.  Into a buyers’ market for the first time in quite some time for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2016 numbers were 59 Active Listings, 14 pending sales and 10 closed sales.  A big jump in inventory along with a drop in closed and pending sales from last January.

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Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2016

For December, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 52 active listings (Increased by 7 homes from November)

18 Residential sales are pending and awaiting close or lender approval (Decreased by 13 homes from last month).

19 Homes Sold in November (Up by 5 homes from November)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity.  The issue is once again becoming the inventory with very few numbers of available homes for sale on the market.

The one month absorption rate for the 34994 zip code for December declined to 2.7 months from 3.2 months for November.  Continuing as a very strong sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The December 2015 numbers were 59 Active Listings, 19 pending sales and 12 closed sales.  Stronger activity for this December with lower inventory.

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Stuart Florida Market Report ZIP Code 34994 Residential November 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2016

For November, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 45 active listings (Decreased by 11 homes from October)

31 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

14 Homes Sold in October (Down by 2 homes from October)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity.  Unfortunately the inventory of active home listings is dropping once again to levels that may make this market difficult in the near future.

The one month absorption rate for the 34994 zip code for November declined to 3.2 months from 3.5 months for October.  Continuing as a strong sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The November 2015 numbers were 61 Active Listings, 25 pending sales and 12 closed sales.  Considerably stronger activity this year when compared to 2015, but the large drop in inventory is troubling.

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Stuart Florida Market Report ZIP Code 34994 Residential October 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2016

For October, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 56 active listings (Decreased by 8 homes from September)

32 Residential sales are pending and awaiting close or lender approval (Decreased by 2 homes from last month).

16 Homes Sold in September (Up by 5 homes from September)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had very strong activity for what is typically a slow month for the area.  Unfortunately the inventory of active listings is getting a bit to small once again.

The one month absorption rate for the 34994 zip code for October plunged to 3.5 months from 5.8 months for September.  Back into a strong sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2015 numbers were 55 Active Listings, 30 pending sales and 8 closed sales.  A much improved market for this year when compared with last year..

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Stuart Florida Market Report ZIP Code 34994 Residential September 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2016

For September, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 64 active listings (Unchanged from August)

34 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

11 Homes Sold in August (Down by 2 homes from August)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a nice increase with homes under contract (pending sales) which should translate ti an increasing number of closed sales for the coming months.  The inventory stayed unchanged from last month while closed sales were off by 2 homes.

The one month absorption rate for the 34994 zip code for September increased to 5.8 months from 4.9 months for August.  Just about up to a balanced market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2015 numbers were 57 Active Listings, 28 pending sales and 12 closed sales.   Much the same as happened last year with a decrease in activity from August to September but this year still had better activity than last.

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Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2016

For August, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 64 active listings (Down by 6 homes from July)

25 Residential sales are pending and awaiting close or lender approval (Decreased by 8 homes from last month).

13 Homes Sold in July (Down by 5 homes from July)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased off slightly for July while still remaining a strong market. Though the inventory is up slightly from last year, it is still low by historic standards.

The one month absorption rate for the 34994 zip code for August increased to 4.9 months from 3.9 months for July.  Still in a sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2014 numbers were 52 Active Listings, 21 pending sales and 9 closed sales.   Much the same as happened last year with a decrease in activity from July to August but this year still had better activity than last.

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Stuart Florida Market Report ZIP Code 34994 Residential July 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2016

For July, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 70 active listings (Unchanged from June)

33 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).

18 Homes Sold in June (Up by 1 homes from June)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued the summer with strong activity for July with positive future activity (pending sales) and also an increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for July decreased to 3.9 months from 4.1 months for June.  Still in a sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2014 numbers were 62 Active Listings, 32 pending sales and 16 closed sales.   Slightly better sales numbers for this year when compared to July of 2015.

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Stuart Florida Market Report ZIP Code 34994 Residential June 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2016

For June, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 70 active listings (Up by 8 homes from May)

33 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from last month).

17 Homes Sold in May (Down by 1 homes from May)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had excellent activity for June with very strong future activity (pending sales) and also a nice increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for June increased to 4.1 months from 3.4 months for May.  Still in a sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2014 numbers were 64 Active Listings, 38 pending sales and 14 closed sales.   Slightly better volume of activity for this year when compared to June of 2015.

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