Palm City FL 34990 Condo Market Report November 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2014

 

For November 2014 in the 34990 Zip Code area of Palm City, Florida :

There are currently 61 active condo listings. (Up by 3 condos from October)

11 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

2 Condos Sold in November. (Down by 1 condo from October)

 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Continued activity, but not anything to write home about.  Slight increase in inventory and pending sales for this month with a small drop in closed sales.

The current absorption rate for condos in the 34990 zip code area is 30 months (was 19.3 months in August).   A good time to buy if one is interested in this area.  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 November 2013 numbers were: 67 active listings, 6 pending sales and 1 closed sales.   Better market activity for this year.