Palm City FL 34990 Residential Market Report February 2019
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2019
For February 2019 in the 34990 Zip Code area of Palm City Florida :
There are currently 402 active listings (Up by 11 homes from January)
147 Residential sales are pending (Up by 26 homes from last month)
52 Homes Sold in September (Ip by 5 homes from January)
The Palm City FL, zip code 34990 residential real estate market showed strong results for February with solid increases in both pending and closed sales.
The monthly absorption rate decreased to 7.7 months from 8.3 months in January. Remaining in a buyer’s market for the Palm City zip code 34990 area for residential sales but drifting towards 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 February 2018 numbers were: 415 active listings, 144 pending sales, and 55 closed sales. Very similar activity and inventory as last year.
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