Palm City FL 34990 Condo Market Report May 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2015

 

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

There are currently 55 active condo listings. (Unchanged from April)

11 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condos from last month)

4 Condos Sold in May. (Down by 3 condos from April)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Unfortunately activity decreased from the previous month.

The current absorption rate for condos in the 34990 zip code area declined to 13.8 months (was 7.9 months in August).   Sliding in the wrong direction for the Palm City condo market. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.

The May 2014 numbers were: 52 active listings, 10 pending sales and 4 closed sales.   Just about identical to this years activity.