Palm City FL 34990 Residential Market Report September 2018
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2018
For September 2018 in the 34990 Zip Code area of Palm City Florida :
There are currently 357 active listings (Decreased by 4 homes from August)
119 Residential sales are pending and awaiting close or lender approval. (Up by 19 homes from last month)
57 Homes Sold in August (Down by 40 homes from August)
The Palm City FL, zip code 34990 residential real estate market had big drop in closed sales and is back into a balanced market for the first time in quite a while. Pending sales were up which will hopefully result in greater closed sales in the coming months.
The monthly absorption rate jumped to 6.3 months from 3.7 months in August. Into a balanced 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 2017 numbers were: 335 active listings, 108 pending sales, and 43 closed sales. Better activity this year but with a highr inventory of available homes for sale.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
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