Palm City FL 34990 Condo Market Report September 2014

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

 

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

There are currently 60 active condo listings. (Up by 1 condo from August)

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

0 Condos Sold in September. (Down by 4 condos from August)

 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Unfortunately it is having a difficult time at present and the past few months.  There were no closed sales this month and only 2 condos are pending.  It looks like it will be some time before we see an improvement for the Palm City condo market.

The current absorption rate for condos in the 34990 zip code area can’t be determined with zero sales (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 September 2013 numbers were: 55 active listings, 8 pending sales and 5 closed sales.   One of our few areas with activity levels below that of last year.