Palm City FL 34990 Condo Market Report February 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2019

For February 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 90 active condo listings. (Decreased by 14 condos from January)

19 Condo sales are pending and awaiting close or lender approval. (Up by 12 condos from last month)

4 Condos Sold in February. (Unchanged from January)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.

The current absorption rate for condos in the 34990 zip is 22.5 months (was 26 months in January).  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 February 2018 numbers were: 103 active listings, 10 pending sales, and 4 closed sales.  The same number of sales while a big increase in pending sale for this year on a reduced inventory.

Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Search Palm City FL Condos Here