Palm City FL 34990 Residential Market Report April 2016
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2016
For April 2016 in the 34990 Zip Code area of Palm City Florida :
There are currently 375 active listings (Decreased by 24 homes from March)
175 Residential sales are pending and awaiting close or lender approval. (Decreased by 4 homes from last month)
84 Homes Sold in March (Increased by 4 sold homes from March)
The Palm City FL, zip code 34990, residential real estate market continues to be an active market with properly priced homes moving very quickly. This activity will most likely continue through the summer season.
The monthly absorption rate decreased to to 4.7 months from 5 months in March. Continuing as 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 2015 numbers were: 381 active listings, 217 pending sales and 73 closed sales. Better closed volume for this year but pending sales were better last year.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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