Palm City FL 34990 Condo Market Report July 2018

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

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

There are currently 78 active condo listings. (Decreased by 8 condos from June)

  

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

1 Condos Sold in July. (Down by 8 condos from June)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For July sales really tanked with only one closed sale.

The current absorption rate for condos in the 34990 zip code area exploded to 78 months (was 7.8 months in July).  Now in 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 July 2017 numbers were: 75 active listings, 9 pending sales, and 2 closed sales.  Even though the activity is very slow for Palm City Condos this month, it’s very similar to what happened last year.

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