Palm City FL 34990 Residential Market Report September 2017
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2017
For September 2017 in the 34990 Zip Code area of Palm City Florida :
There are currently 335 active listings (Decreased by 11 homes from August)
108 Residential sales are pending and awaiting close or lender approval. (Down by 20 homes from last month)
43 Homes Sold in August (Down by 52 home from August)
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The Palm City FL, zip code 34990 residential real estate market remains very active. For September there was significant reduction in activity. Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month
The monthly absorption rate jumped up to 7.8 months from 3.6 months in August. A shift to a buyer’s 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 September 2016 numbers were: 377 active listings, 21 pending sales, and 54 closed sales. Weaker activity for this year with a fairly big decrease in inventory.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
Palm City FL 34990 Residential Market Report September 2017
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