Palm City FL 34990 Residential Market Report January 2017

February 19, 2017/Gabe Sanders/Featured, Market Reports, Real Estate, Top Slider

Palm City FL 34990 Residential Market Report January 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2017

For January 2017 in the 34990 Zip Code area of Palm City Florida :

There are currently 421 active listings (Increased by 5 homes from December)

Palm City FL 34990 Residential Market Report January 2017

125 Residential sales are pending and awaiting close or lender approval. (Up by 32 homes from last month)

Palm City FL 34990 Residential Market Report January 2017

52 Homes Sold in December (Down by 13 homes from December)

Palm City FL 34990 Residential Market Report January 2017

The Palm City FL, zip code 34990 residential real estate market had a small increase in inventory and very strong pending sales numbers which should result in a higher sales volume on the coming months. Closed sales were off for the month.

The monthly absorption rate increased to 8.1 months from 6.4 months in December. Back into a buyers’ 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 January 2016 numbers were: 400 active listings, 156 pending sales and 49 closed sales. Just a small increase in sales when compared to last year with fewer pending sales and a greater inventory.

Palm City FL 34990 Residential Market Report January 2017

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Residential Properties

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Rental Properties for Rent in Palm-City, Florida Between $0 – $500,000

Palm City Florida Real Estate presented by:
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