Palm City FL 34990 Condo Market Report August 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2014

 

For August 2014 in the 34990 Zip Code area of Palm City, Florida :

There are currently 60 active condo listings. (Up by 1 condo from July)

4 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)

4 Condos Sold in August. (Up by 3 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment.  There was a nice increase in closed sales for August while the inventory was basically unchanged along with a drop in pending sales.

The current absorption rate for condos in the 34990 zip code area decreased to 15 months (was 59 months in July).   Still a strong buyers 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 August 2013 numbers were: 53 active listings, 10 pending sales and 0 closed sales.   Better activity this year with the exception of the pending numbers, which is not a good indicator for future activity.