Palm City FL 34990 Residential Market Report July 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for July 2018
For July 2018 in the 34990 Zip Code area of Palm City Florida :
There are currently 335 active listings (Increased by 2 homes from June)
142 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from last month)
76 Homes Sold in June (Down by 35 homes from June)
The Palm City FL, zip code 34990 residential real estate market had a fairly slow month for July with a decrease in pending sales and a large drop in closed sales. At least the inventory didn’t decline any further.
The monthly absorption rate rose to 4.4 months from 3.0 months in June. Remaining in a seller’s 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 July 2017 numbers were: 398 active listings, 165 pending sales, and 96 closed sales. Considerably weaker activity this year with a reduced 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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