Palm City Florida Market Report ZIP Code 34990 Condo September 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2013

 

For September 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 55 active condo listings. (Up by 2 condos from August)

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)

 

5 Condos Sold in September. (Up by 5 condos from August)

 

 The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  September saw little change in this segment with the exception of 5 sales, after no sales back in August.

The current absorption rate for condos in the 34990 zip code area is 11 months, signifying a buyers market.   A balanced market is considered to be an absorption rate of around 6 months.

 

The September 2012 numbers were: 62 active listings, 6 pending sales and 4 closed sales.   Better numbers for this year than for September of 2012.

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