Palm City FL 34990 Residential Market Report June 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2018
For June 2018 in the 34990 Zip Code area of Palm City Florida :
There are currently 333 active listings (Decreased by 7 homes from May)
150 Residential sales are pending and awaiting close or lender approval. (Down by 26 homes from last month)
111 Homes Sold in May (Up by 5 homes from May)
The Palm City FL, zip code 34990 residential real estate market showed a slight increase in closed sales volume and a fairly large drop in pending sales. We continue to show a need for greater inventory (number of homes available for sale) in Palm City.
The monthly absorption rate inched down to 3.0 months from 3.2 months in May. Remaining in a strong 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 June 2017 numbers were: 386 active listings, 171 pending sales, and 96 closed sales. There was a slightly better-closed volume for this year with fewer pending sales. All of this on significantly lower number of available homes for sale.
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- Residential Properties for Sale in Palm-City, Florida Between $0 – $500,000
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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