Palm City FL 34990 Condo Market Report October 2014

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

 

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

There are currently 58 active condo listings. (Down by 2 condos from September)

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

3 Condos Sold in October. (Up by 3 condos from September)

 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  After zero sales in September, there was a nice little rebound for this month with 3 closed sales along with an increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is 19.3 months (was 15 months in August).   A good time to buy if one is interested in the his 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 October 2013 numbers were: 59 active listings, 6 pending sales and 4 closed sales.   Very similar activity when compared to last year.