Palm City FL 34990 Residential Market Report February 2016
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2016
For February 2016 in the 34990 Zip Code area of Palm City Florida :
There are currently 415 active listings (Increased by 15 homes from January)
162 Residential sales are pending and awaiting close or lender approval. (Increased by 6 homes from last month)
56 Homes Sold in January (Increased by 7 sold homes from January)
The Palm City FL, zip code 34990, residential real estate market continued to show positive results month to month and remains a solid performing market. With the strong pending sales numbers I expect the Palm City residential market to be back into a balance market soon, if not all the way to a sellers’ market.
The monthly absorption rate decreased to to 7.4 months from 8.2 months in January. A buyers market for the second month in a row 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 February 2015 numbers were: 450 active listings, 164 pending sales and 55 closed sales. Very similar activity to February of 2015 with a bit lower inventory this year.
Search here for Palm City Florida Real Estate for Sale
Rental Properties
Residential Properties
All Palm City Residential Properties for Sale
Vacant Land Properties
-
- Vacant Land Properties for Sale in Palm City, Florida Between $0 – $100,000
- Vacant Land Properties for Sale in Palm City, Florida Between $100,000 – $200,000
- Vacant Land Properties for Sale in Palm City, Florida Between $200,000 – $300,000
- Vacant Land Properties for Sale in Palm City, Florida Between $300,000 – $400,000
- Vacant Land Properties for Sale in Palm City, Florida Between $400,000 – $500,000
- Vacant Land Properties for Sale in Palm City, Florida Between $500,000 – $600,000
- Vacant Land Properties for Sale in Palm City, Florida Between $1,200,000 – $1,300,000
Commercial Properties
Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
Leave a Reply