For May 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 377 active listings (Increased by 12 homes from April)

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

84 Homes Sold in April (No change in sold homes from April)

The Palm City FL, zip code 34990 residential real estate market activity continues to be quite active.  Good to see the inventory increase, even if it’s only by two homes.  Unfortunately, pending sales were off compared to last months activity.

The monthly absorption rate decreased to to 4.5 months from 4.7 months in April.  Continuing as a sellers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For April 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 375 active listings (Decreased by 24 homes from March)

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

84 Homes Sold in March (Increased by 4 sold homes from March)

The Palm City FL, zip code 34990, residential real estate market continues to be an active market with properly priced homes moving very quickly.  This activity will most likely continue through the summer season.

The monthly absorption rate decreased to to 4.7 months from 5 months in March.  Continuing as a sellers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For March 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 399 active listings (Decreased by 16 homes from February)

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

80 Homes Sold in February (Increased by 24 sold homes from February)

The Palm City FL, zip code 34990, residential real estate market jumped back into a sellers market after two months of somewhat slower closed and pending volume.  It looks to be a strong spring and summer market for Palm City in 2016.

The monthly absorption rate decreased to to 5 months from 7.4 months in February.  Back into a sellers market after two months of a buyers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For February 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 415 active listings (Increased by 15 homes from January)

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

56 Homes Sold in January (Increased by 7 sold homes from January)

The Palm City FL, zip code 34990, residential real estate market continued to show positive results month to month and remains a solid performing market.  With the strong pending sales numbers I expect the Palm City residential market to be back into a balance market soon, if not all the way to a sellers’ market.

The monthly absorption rate decreased to to 7.4 months from 8.2 months in January.  A buyers market for the second month in a row for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For January 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 400 active listings (Increased by 25 homes from December)

 156 Residential sales are pending and awaiting close or lender approval. (Increased by 42 homes from last month)

49 Homes Sold in December (Decreased by 11 sold homes from December)

The Palm City FL, zip code 34990, residential real estate market had a strong increase in inventory as well as pending sales to begin the year.  Unfortunately sales were off as compared to last month, but I expect this to be only short term as the increase in the under contract numbers should result in more closed sales for the coming months.

 The current absorption rate increased to to 8.2 months from 6.3 months in December.  Back into a buyers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For December 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 375 active listings (Decreased by 14 homes from November)

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

60 Homes Sold in November (Increased by 13 sold homes from November)

After a fairly weak November, the Palm City FL 34990 came back strong for December.  Unfortunately the inventory decreased this month after some much needed increases in the past few months. Pending sales were off a little while we had a nice jump in closed sales.

 The current absorption rate increased to to 6.3 months from 8.3 months in November.  Back into a balanced market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For November 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 389 active listings (Increased by 12 homes from October)

 122 Residential sales are pending and awaiting close or lender approval. (Decreased by 15 homes from last month)

47 Homes Sold in October (Decreased by 11 sold homes from October)

After a very strong October, the Palm City FL 34990 had a moderating month for November.  The inventory continues to see some increases, while both pending and closed sales were off.  Whether this is a result of the holiday season or possibly prices having risen to fast, I just can’t tell at this point, but this development bears watching.

 The current absorption rate increased to to 8.3 months from 6.5 months in October.  Into a buyers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For October 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 377 active listings (Increased by 12 homes from September)

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

58 Homes Sold in September (Decreased by 2 sold homes from September)

After a very strong September, the Palm City FL 34990 residential real estate market continues to show excellent sales activity. Also nice to see an increase in inventory for the second month in a row.  The Palm City FL real estate market continues to show excellent resilience even as we approach our typically slower season.

 The current absorption rate increased slightly to to 6.5 months from 6 months in September.  Still a balanced market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For September 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 365 active listings (Increased by 10 homes from August)

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

60 Homes Sold in August (Decreased by 14 sold homes from August)

After a very strong August, the Palm City FL 34990 residential real estate market continues to show excellent sales activity. Also nice to see an increase in inventory for this month. This could be a result of the continuing fairly strong gains in prices in the past two years.

 The current absorption rate increased slightly to to 6 months from 4.8 months in August.  Into a balanced market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For August 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 355 active listings (Decreased by 8 homes from July)

 155 Residential sales are pending and awaiting close or lender approval. (Decreased by 7 homes from last month)

74 Homes Sold in July (Increased by 3 sold homes from July)

After a very strong July, the Palm City FL 34990 residential real estate market continues to show strong sales activity while the inventory of available homes for sale continues to decrease.  Prices continue their steady march higher so we’ll see if this is enough of an incentive to make potential sellers put their homes on the market in the coming months.  Though, I don’t anticipate any large movement until the end of the holiday season.

 The current absorption rate decreased slightly to to 4.8  months from 5.1 months in July.  Still a sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For July 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 363 active listings (Increased by 5 homes from June)

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

71 Homes Sold in June (Decreased by 57 sold homes from June)

After a very strong June, the Palm City FL 34990 residential real estate market eased a bit for July.  Though still excellent activity and one that is far more sustainable for the future.  Of interest, is the small rise in inventory.  Hopefully this will continue for the coming months.

 The current absorption rate jumped up to 5.1 months from 2.8 months in June.  Still a slight sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For June 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 358 active listings (Decreased by 3 homes from May)

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

128 Homes Sold in May (Increased by 28 sold homes from May)

After a very strong May, the Palm City FL 34990 residential real estate market came in with even more for June.  Unfortunately the inventory has dropped to a point that future pending sales have decreased and I believe the volume of future closed sales will suffer unless we get more homes available on the market.

 The current absorption rate dropped to 2.8 months from 3.6 months in May.  An extreme sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For May 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 361 active listings (Decreased by 20 homes from April)

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

100 Homes Sold in April (Increased by 27 sold homes from April)

The Palm City FL 34990 residential real estate market was very strong for May.  Closed sales were up from last month while the pending sales dropped slightly.  Unfortunately the active inventory continues to declines which may impact the future sales for this area.

 The current absorption rate dropped to 3.6 months from 5.2 months in April.  A sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For April 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 381 active listings (Decreased by 54 homes from March)

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

73 Homes Sold in March (Increased by 5 sold homes from March)

The Palm City FL 34990 residential real estate market was very strong for April.  Both closed and pending sales were up from previous months.  Unfortunately the active inventory continues to declines which may impact the future sales for this area.

 The current absorption rate dropped to 5.2 months from 6.4 months in March.  A sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For March 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 435 active listings (Decreased by 15 homes from February)

  188 Residential sales are pending and awaiting close or lender approval. (Increased by 24 homes from last month)

68 Homes Sold in February (Increased by 13 sold homes from February)

The Palm City FL 34990 residential real estate rebounded for March with some strong gains in both pending and closed sales.  Unfortunately, a decrease in inventory bringing us below last years levels.

 The current absorption rate dropped to 6.4 months from 8.2 months in February. Back into a balanced buyer’s market for Palm City residential real estate market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For February 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 450 active listings (Increased by 7 homes from January)

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

55 Homes Sold in January (No change in sold homes from January)

The Palm City FL 34990 residential real estate continued with some fairly sluggish sold numbers while pending sales remain quite strong, so I’m anticipating a return to a more balanced market soon.  The inventory also rose for the second month in a row, giving buyers more choices of homes.

 The current absorption rate jumped to 8.2 months from 8.1 months in January. The second month in a row of a buyer’s market for Palm City residential real estate.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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For January 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 443 active listings (Increased by 12 homes from December)

  158 Residential sales are pending and awaiting close or lender approval. (Increased by 43 homes from last month)

55 Homes Sold in December (Down by 21 homes from December)

The Palm City FL 34990 residential real estate started the year with a decline in closed sales but also an impressive increase in pending sales which should indicate some good activity for the immediate future. A nice little increase in inventory is also a good sign.

 The current absorption rate jumped to 8.1 months from 5.7 months in December. Back into a buyers market after a month in the sellers market in December.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

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