Palm City Florida Market Report ZIP Code 34990 – Residential, July 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, July 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for July 2012

 

For July 2012 in the 34990 Zip Code area of Palm City Florida :


There are currently 416 active listings (A decrease of 25 homes from June)

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169 Residential sales are pending and awaiting close or lender approval. (A decrease of 20 homes from last month)

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63 Homes Sold in July (Decreased 7 homes from June)

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For the Palm City, zip code 34990, area of Martin County Florida activity remained strong for July after a super spring.  Both closed and pending sales declined slightly for this month.  The inventory of available homes for sale also declined again, now at levels approaching those during the height of the real estate boom in the mid 2000’s.  Still good numbers and market activity remains active, more so than the past few years.

The current absorption rate is 6.6 months, which is considered to be a balanced market that doesn’t favor either sellers or buyers.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, July 2012

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