Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2014
For February 2013 in the 34990 Zip Code area of Palm City Florida :
There are currently 440 active listings (An decrease of 32 homes from February)
169 Residential sales are pending and awaiting close or lender approval. (Increased by 38 homes from last month)
48 Homes Sold in February (Decreased by 1 home from February)
After a slow two months to start the 2014 market, the Palm City home market (zip code 34990) appears to be picking up some steam. Closed sales were off for the third month in a row, though only by 1 home for March. Pending sales had a large jump indicating a good possibility of increasing closed sales for the coming months. Inventory decreased significantly, after numerous months of increases.
The current absorption rate decreased slightly to 9.1 months from 9.6 months in February, keeping the Palm City residential real estate market in a buyers market. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The March 2012 numbers were: 390 active listings, 180 pending sales and 68 closed sales. Still not as good as last year’s activity.
Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
Palm City, FL Real Estate
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- Residential Properties for Sale in Palm City, Florida Between $0 – $500,000
- Residential Properties for Sale in Palm City, Florida Between $500,000 – $1,000,000
- Residential Properties for Sale in Palm City, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Palm City, Florida Between $1,500,000 – $2,000,000
- Residential Properties for Sale in Palm City, Florida Between $2,000,000 – $2,500,000
- Residential Properties for Sale in Palm City, Florida Between $2,500,000 – $3,000,000
- Residential Properties for Sale in Palm City, Florida Between $3,000,000 – $3,500,000
- Residential Properties for Sale in Palm City, Florida Between $4,000,000 – $4,500,000
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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014
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