Palm City FL 34990 Residential Market Report December 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2018
For December 2018 in the 34990 Zip Code area of Palm City Florida :
There are currently 349 active listings (Down by 7 homes from November)
94 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from last month)
57 Homes Sold in September (Down by 9 homes from November)
The Palm City FL, zip code 34990 residential real estate market showed reduced activity for December from the previous month and has transitioned into a balanced market.
The monthly absorption rate increased to 6.1 months from 5.4 months in November. Transitioning into a balanced market for the Palm City zip code 34990 area for residential sales for the first time in quite a while of being in a seller’s market. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The December 2017 numbers were: 381 active listings, 96 pending sales, and 66 closed sales. Slighltless volume of sales and pending sales this year but this is on a significantly lower inventory of available homes for sale.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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