Palm City FL 34990 Residential Market Report March 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2018
For March 2018 in the 34990 Zip Code area of Palm City Florida :
There are currently 391 active listings (Decreased by 24 homes from February)
171 Residential sales are pending and awaiting close or lender approval. (Up by 27 homes from last month)
81 Homes Sold in February (Up by 26 homes from February)
The Palm City FL, zip code 34990 residential real estate market eboundedbig time for March with increased pending and closed sales.
The monthly absorption rate dropped to 4.8 months from 7.5 months in February. Returning to a seller’s market for the Palm City zip code 34990 area for residential sales, though trending back towards a balanced market. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The March 2017 numbers were: 449 active listings, 165 pending sales, and 81 closed sales. Very similar activity when compared to last March but with a smaller number 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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