Palm City Florida Market Report ZIP Code 34990 – Residential, December 2011

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2011

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2011

 

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


There are currently 478 active listings (Increased by 10 homes from November)

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114 Residential sales are pending and awaiting close or lender approval. (A decrease of 30 homes from last month)

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57 Homes Sold in December (An increase of 21 homes sold from November)

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For the Palm City, zip code 34990, area of Martin County Florida, it was a strong month for closed sales.  Unfortunately, it was also the second month of increasing inventory (active listings) and also a decrease in pending sales for the future.  Comparing these numbers to December of 2010, when there were 577 active listings, 110 pending sales and 45 homes sold, we are in a better position in all categories.  With the height of the snow bird season coming, we should see some increase in activity.  The Palm City market, however, is not as seasonally influenced as our more coastal areas as this market is heavily influenced by family areas that tend not to be as seasonal, with an increase in activity normally more towards the spring and summer seasons.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, December 2011

  1. Palm Springs Isebella says

    According to your data, the future of real estate market in Palm City is not optimistic

  2. Our numbers for December 2011 were considerably better than the month before and also the previous year. So the data is promising. Of course as they always say, past performance is no guarantee of future performance.

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