Palm City FL 34990 Condo Market Report June 2015

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

 

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

There are currently 51 active condo listings. (Down by 4 condos from May)

14 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month)

8 Condos Sold in June. (Up by 4 condos from May)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Fairly positive activity for June of 2015 with improving closed sales and pending sales.

The current absorption rate for condos in the 34990 zip code area declined to 6.4 months (was 13.8 months in August).   Sliding in the wrong direction for the Palm City condo market. 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 June 2014 numbers were: 56 active listings, 5 pending sales and 3 closed sales.   Somewhat better volume for the 2015 palm City condo market.