Palm City FL 34990 Residential Market Report March 2019

April 17, 2019/Gabe Sanders/Featured, Market Reports, Real Estate, Top Slider

Palm City FL 34990 Residential Market Report March 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2019

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For March 2019 in the 34990 Zip Code area of Palm City Florida :

There are currently 386 active listings (Down by 16 homes from February)

Palm City FL 34990 Residential Market Report March 2019

150 Residential sales are pending (Up by 3 homes from last month)

Palm City FL 34990 Residential Market Report March 2019

87 Homes Sold in September (Up by 25 homes from February)

Palm City FL 34990 Residential Market Report March 2019

The Palm City FL, zip code 34990 residential real estate market rebounded with very strong increases in sales and pending sales compared to the last two months.

The monthly absorption rate plunged to 4.4 months from 7.7 months in February. Back into a strong seller’s market for the Palm City zip code 34990 area. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2018 numbers were: 391 active listings, 171 pending sales, and 81 closed sales. Slightly greater closed sales this year and slightly less pending sales on similar inventory numbers.

Palm City FL 34990 Residential Market Report March 2019

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