Palm City FL 34990 Residential Market Report May 2015
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2015
For May 2015 in the 34990 Zip Code area of Palm City Florida :
There are currently 361 active listings (Decreased by 20 homes from April)
204 Residential sales are pending and awaiting close or lender approval. (Decreased by 13 homes from last month)
100 Homes Sold in April (Increased by 27 sold homes from April)
The Palm City FL 34990 residential real estate market was very strong for May. Closed sales were up from last month while the pending sales dropped slightly. Unfortunately the active inventory continues to declines which may impact the future sales for this area.
The current absorption rate dropped to 3.6 months from 5.2 months in April. A sellers’ market for the Palm City zip code 34990 area for residential sales. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The May 2014 numbers were: 436 active listings, 175 pending sales and 72 closed sales. Even with the reduced inventory, considerably stronger volume for this year when compared to last.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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