Palm City FL 34990 Residential Market Report August 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2018
For August 2018 in the 34990 Zip Code area of Palm City Florida :
There are currently 361 active listings (Increased by 26 homes from July)
100 Residential sales are pending and awaiting close or lender approval. (Down by 42 homes from last month)
97 Homes Sold in July (Up by 21 homes from July)
The Palm City FL, zip code 34990 residential real estate market had mixed results for August. There was a welcome increase in inventory and closed sales. Unfortunately, a big decrease in pending sales.
The monthly absorption rate dipped to 3.7 months from 4.4 months in July. Remaining in a seller’s 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 August 2017 numbers were: 346 active listings, 128 pending sales, and 95 closed sales. Similar closed activity this year when compared to last year. The pending numbers are down for this year though.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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