Palm City FL 34990 Condo Market Report December 2018

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

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

There are currently 97 active condo listings. (Increased by 8 condos from November)

  

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

0 Condos Sold in December. (Down by 2 condos from November)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market. No sales for December but we do have some condos under contract.  The sales activity in this market is skewed by two tough condo communities with high equity and association fees that make this market quite challenging.

The current absorption rate for condos in the 34990 zip code can’t be calculated with 0 sales for this month (was 44.5 months in December).  An extreme buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The December 2017 numbers were: 101 active listings, 16 pending sales, and 10 closed sales.  Better activity last year.

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