Palm City FL 34990 Residential Market Report January 2019
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2019
For January 2019 in the 34990 Zip Code area of Palm City Florida :
There are currently 391 active listings (Up by 52 homes from December)
121 Residential sales are pending (Up by 27 homes from last month)
47 Homes Sold in September (Unchanged from December)
The Palm City FL, zip code 34990 residential real estate market had a much needed increase in inventory and pending sales volume. This should result in increased sales numbers in the coming months.
The monthly absorption rate increased to 8.3 months from 6.1 months in December. Into a buyer’s 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 January 2018 numbers were: 416 active listings, 113 pending sales, and 48 closed sales. Slightly better activity on a smaller inventory of available homes for sale this year when compared to 2018.
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