Palm City FL 34990 Condo Market Report December 2014

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

 

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

There are currently 61 active condo listings. (Unchanged from November)

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

6 Condos Sold in December. (Up by 4 condos from November)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos picked up a little for the end of the year.  Unfortunately pending sales dropped.  The inventory remains unchanged.

The current absorption rate for condos in the 34990 zip code area is 10.2 months (was 30 months in August).   A big improvement from last month.  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 December 2013 numbers were: 66 active listings, 5 pending sales and 2 closed sales.   Slightly lower inventory for 2014 as compared to last year with better activity.