Palm City FL 34990 Residential Market Report June 2014
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2014
For May 2013 in the 34990 Zip Code area of Palm City Florida :
There are currently 444 active listings (An increase of 8 homes from May)
153 Residential sales are pending and awaiting close or lender approval. (Decreased by 22 homes from last month)
94 Homes Sold in May (Up by 22 homes from May)
A good strong June for closed sales in the Palm City FL 34990 residential real estate market. Unfortunately pending sales were off, a potential warning for weaker future sales. The inventory remained strong with a small increase.
The current absorption rate decreased to 4.7 months from 6.1 months in May, putting the Palm City residential real estate market back into a sellers market. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The June 2012 numbers were: 382 active listings, 162 pending sales and 69 closed sales. Considerably grater closed activity this year, but weaker pending sales figures.
Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
Palm City, FL Real Estate
Rental Properties
Residential Properties
- Residential Properties for Sale in Palm City, Florida Between $0 – $500,000
- Residential Properties for Sale in Palm City, Florida Between $500,000 – $1,000,000
- Residential Properties for Sale in Palm City, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Palm City, Florida Between $1,500,000 – $2,000,000
- Residential Properties for Sale in Palm City, Florida Between $2,000,000 – $2,500,000
- Residential Properties for Sale in Palm City, Florida Between $2,500,000 – $3,000,000
- Residential Properties for Sale in Palm City, Florida Between $3,000,000 – $3,500,000
- Residential Properties for Sale in Palm City, Florida Between $4,000,000 – $4,500,000
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