Palm City FL 34990 Residential Market Report December 2015
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2015
For December 2015 in the 34990 Zip Code area of Palm City Florida :
There are currently 375 active listings (Decreased by 14 homes from November)
114 Residential sales are pending and awaiting close or lender approval. (Decreased by 8 homes from last month)
60 Homes Sold in November (Increased by 13 sold homes from November)
After a fairly weak November, the Palm City FL 34990 came back strong for December. Unfortunately the inventory decreased this month after some much needed increases in the past few months. Pending sales were off a little while we had a nice jump in closed sales.
The current absorption rate increased to to 6.3 months from 8.3 months in November. Back into a balanced 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 December 2014 numbers were: 431 active listings, 116 pending sales and 76 closed sales. Better closed activity last year, though pending sales are just as strong this year even with the reduced inventory.
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Palm City Florida Real Estate presented by:
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