Palm City FL 34990 Residential Market Report October 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2018
For October 2018 in the 34990 Zip Code area of Palm City Florida :
There are currently 357 active listings (No change from September)
106 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from last month)
73 Homes Sold in September (Up by 16 homes from September)
The Palm City FL, zip code 34990 residential real estate market rebounded in closed sales after an unexpected drop last month. Peningsales were down a bit with no change in the inventory of available homes for sale for this month.
The monthly absorption rate dropped to 4.9 months from 6.3 months in September. Back into a sellers market for the Palm City zip code 34990 area for residential sales. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The October 2017 numbers were: 347 active listings, 126 pending sales, and 66 closed sales. Pretty similar activity when compared to last year. Closed sales were a little better this year while pending sales were higher last year.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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