Palm City FL 34990 Residential Market Report December 2017
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2017
For December 2017 in the 34990 Zip Code area of Palm City Florida :
There are currently 381 active listings (Increased by 15 homes from November)
96 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from last month)
66 Homes Sold in November (Up by 2 home from November)
The Palm City FL, zip code 34990 residential real estate market had a small increase in closed sales when compared to last month. Inventory was up while pending sales were down.
The monthly absorption rate inched up to 5.8 months from 5.7 months in November. Still a seller’s market for the Palm City zip code 34990 area for residential sales but inching closer to 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 December 2016 numbers were: 414 active listings, 92 pending sales, and 65 closed sales. Very similar activity when compared to last year though with s maller number of available homes for sale in 2017.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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