Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for August 2011

For August 2011 in the 34990 Zip Code area of Palm City Florida :
(August data is compared to June since there was a problem compiling July data)

There are currently 466 active listings (A decrease of 37 homes from June)

139 Residential sales are pending and awaiting close or lender approval. (Up 7 from last June)

42 Homes Sold in August (Down 14 homes from June and up 2 from the 40 homes sold in July)

While sales for the Palm City (zip code 34990) real estate market activity were off marginally from June, all other indicators are positive for Palm City.  Inventory continues to shrink and quality homes well positioned on the market move at a good pace.  It should be a very interesting fall and winter season should there be some positive economic news, both locally and nationally.

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for May 2011

For May 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 532 active listings (an increase of 8 from April)

129 Residential sales are pending and awaiting close or lender approval. (Down 22 from last month)

61 Homes Sold in May (up 2 for April)

After a fairly robust spring activity, the Palm City, Florida residential market appears to be cooling. While we had a slight increase in sales, the pending sales activity decreased and for the first time in over three months, we’ve seen an increase in inventory. This is showing signs of a weaker summer ahead if this trend continues for Palm City.

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for April 2011

For April 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 524 active listings (down 31 from March)

151 Residential sales are pending and awaiting close or lender approval. (Up 6 from last month)

59 Homes Sold in April (up 6 for March)

For the second month in a row, strong positive movement in all categories in Palm City, Florida real estate (zip code 34990).  As with other areas in Martin County, inventory continues to decline which will decrease the supply.  At some point, if this trend continues demand for homes will become strong enough to result in some price increases in our area.

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for March 2011

For March 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 555 active listings (down 15 from February)

145 Residential sales are pending and awaiting close or lender approval. (Up 1 from last month)

53 Homes Sold in March (up 7 for February)

Positive movement in all categories in Palm City, Florida real estate (zip code 34990) in all three major indexes we track for four months in a row now.

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for February 2011

For February 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 570 active listings (down 14 from January)

144 Residential sales are pending and awaiting close or lender approval. (Up 8 from last month)

46 Homes Sold in February (up 15 for January)

Sales for February in Palm City were up from January, though not as robust as an exceptionally strong December.  All indexes moved in the right direction this month, though.

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for January 2011

For January 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 584 active listings (up 7 from December)

136 Residential sales are pending and awaiting close or lender approval. (Up 26 from last month)

29 Homes Sold in January (down from 45 for December)

Sales for January in Palm City were off from an unusually strong December, but pending sales have gone up for a possible better spring.  Inventory is also rising which will further increase price pressures.