Palm City FL 34990 Residential Market Report August 2014

September 18, 2014/Gabe Sanders/Featured, Market Reports, Real Estate

Palm City FL 34990 Residential Market Report August 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2014

For July 2013 in the 34990 Zip Code area of Palm City Florida :

There are currently 436 active listings (Increased by 4 homes from July)

145 Residential sales are pending and awaiting close or lender approval. (Decreased by 3 homes from last month)

76 Homes Sold in July (Up by 3 homes from July)

After a somewhat slower July than the hot market we’ve been experiencing for the Palm City FL 34990 residential real estate market, August certainly seems to be heading back into the right direction. Palm City is one of the only areas that is seeing an increase in inventory in the summer month of August.

The current absorption rate decreased to 5.7 months from 5.9 months in July, making the Palm City residential real estate market continue as a sellers market. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2013 numbers were: 352 active listings, 141 pending sales and 77 closed sales. This segment of the Martin County real estate market continues with strong activity, though not quite as strong as last year. Which may have been unsustainable.

Palm City, FL Real Estate

Rental Properties

Rental Properties for Rent in Palm City, Florida Between $0 – $500,000

Residential Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Commercial Properties for Sale in Palm City, Florida Between $0 – $1,500,000

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team