For September 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 482 active listings (An increase of 16 homes from August)

124 Residential sales are pending and awaiting close or lender approval. (Down 15 from last month)

49 Homes Sold in September (An increase of 7 homes from August)

The good news for the Palm City (ZIP Code 34990) real estate market report is that sales were up from the previous month.  Unfortunately, we also had an increase in inventory and a decrease in pending sales.  Whether this is a seasonal effect or a future trend remains to be determined.

This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer season.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

Search here for Palm City Florida Real Estate for Sale