Palm City FL 34990 Residential Market Report May 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2018
For May 2018 in the 34990 Zip Code area of Palm City Florida :
There are currently 340 active listings (Decreased by 24 homes from April)
176 Residential sales are pending and awaiting close or lender approval. (Down by 17 homes from last month)
106 Homes Sold in April (Up by 42 homes from April)
The Palm City FL, zip code 34990 residential real estate market continues to lose inventory at a fairly rapid rate. This will make it difficult to sustain strong sales volume for the near future while this lasts. For May, we had strong pending as well as closed sales volume.
The monthly absorption rate plunged to 3.2 months from 5.7 months in April. Still a slight 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 May 2017 numbers were: 381 active listings, 174 pending sales, and 129 closed sales. There was better closed activity last year on greater inventory. Surprisingly, thereis very strong pending activity this year.
Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation
Search here for Palm City Florida Real Estate for Sale:
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 $5,000,000 – $5,500,000
Land Properties
Rental Properties
Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
Leave a Reply