Palm City FL 34990 Residential Market Report November 2018

Palm City FL 34990 Residential Market Report November 2018

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2018

For November 2018 in the 34990 Zip Code area of Palm City Florida :

 There are currently 356 active listings (Down by 1 home from September)

Palm City FL 34990 Residential Market Report November 2018

99 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from last month)

Palm City FL 34990 Residential Market Report November 2018

66 Homes Sold in September (Up by 7 homes from September)

Palm City FL 34990 Residential Market Report November 2018

The Palm City FL, zip code 34990 residential real estate market remains active with greater closed activity this month and a little lower pending activity.
The monthly absorption rate dropped to 5.4 months from 4.9 months in September.  Remaining in a sellers market for the Palm City zip code 34990 area for residential sales but drifting 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 November 2017 numbers were:  366 active listings, 101 pending sales, and 64 closed sales. Very similar activity as compared to last year.

Palm City FL 34990 Residential Market Report November 2018

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Palm City FL 34990 Residential Market Report November 2018

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