Palm City FL 34990 Residential Market Report August 2019

Palm City FL 34990 Residential Market Report August 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2019

 There are currently 336 active listings (Down by 12 homes from July)

Palm City FL 34990 Residential Market Report August 2019

140 Residential sales are pending (Down by 14 homes from last month)

Palm City FL 34990 Residential Market Report August 2019

89 Homes Sold in September (Up by 26 homes from July)

Palm City FL 34990 Residential Market Report August 2019

The Palm City FL, zip code 34990 residential real estate market continues with very strong market activity.  We had a sizeable increase in sales this month and the pending sales also remain very strong.
The monthly absorption rate dropped to 3.8 months from 5.5 months in July.  Becoming an even stronger seller’s market for the Palm City zip code 34990 area, though approaching a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2018 numbers were:  361 active listings, 100 pending sales, and 96 closed sales.  With a lower number of available homes for sale this year, sales are pretty comparable and pending sales are much stronger than last year.

Palm City FL 34990 Residential Market Report August 2019

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Palm City FL 34990 Residential Market Report August 2019

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