Palm City FL 34990 Condo Market Report August 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2018

For August 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 76 active condo listings. (Decreased by 2 condos from July)

  

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

7 Condos Sold in August. (Up by 6 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For August sales came back from the dismal July number.  Pending sales remain a little on the weak side.

The current absorption rate for condos in the 34990 zip code area dropped to 10.9 months (was 78 months in August).  Still a buyer’s market for Palm City condominiums, but not nearly as extreme as last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The August 2017 numbers were: 73 active listings, 8 pending sales, and 8 closed sales.  Down slightly this year when compared to August 2017.

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