Palm City FL 34990 Residential Market Report May 2019

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

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

There are currently 400 active listings (Up by 11 homes from April)

132 Residential sales are pending (Down by 34 homes from last month)

110 Homes Sold in September (Up by 32 homes from April)

The Palm City FL, zip code 34990 residential real estate market had a very good month for closed sales. Unfortunately, pending sales were off for this month and the inventory continues to grow. Palm City remains a very active market.

The monthly absorption rate rose to 3.6 months from 5.0 months in April. Dropping to even a more extreme 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 May 2018 numbers were: 340 active listings, 176 pending sales, and 106 closed sales. All in all, considerably better activity last year with a reduced number of homes available to purchase.

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 homes for sale in the 34990 zip code area of Palm City FL

Search here for vacant land for sale in the 34994 zip code area of Palm City FL

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

772-763-8506

Palm City FL 34990 Residential Market Report May 2019

Palm City FL 34990 Residential Market Report May 2019

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

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