Palm City FL 34990 Residential Market Report April 2015
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2015
For April 2015 in the 34990 Zip Code area of Palm City Florida :
There are currently 381 active listings (Decreased by 54 homes from March)
217 Residential sales are pending and awaiting close or lender approval. (Increased by 29 homes from last month)
73 Homes Sold in March (Increased by 5 sold homes from March)
The Palm City FL 34990 residential real estate market was very strong for April. Both closed and pending sales were up from previous months. Unfortunately the active inventory continues to declines which may impact the future sales for this area.
The current absorption rate dropped to 5.2 months from 6.4 months in March. 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 April 2014 numbers were: 446 active listings, 166 pending sales and 82 closed sales. It was also a strong sales market for last year, but pending sales look much better for this year. The reduced inventory is troubling.
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Palm City Florida Real Estate presented by:
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