Palm City FL 34990 Condo Market Report December 2015

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

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

There are currently 52 active condo listings. (Decreased by 1 condos from November)

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

4 Condos Sold in December. (Down 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.  For December sales were off while the inventory and pending sales were just about unchanged.

The current absorption rate for condos in the 34990 zip code area plunged to 13 months (was 6.6 months in December).   Back into a buyers market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The December 2014 numbers were: 61 active listings, 6 pending sales and 6 closed sales.   Somewhat better activity last year, but only marginal.  If the lower inventory is considered there’s a better percentage of activity this year.