Palm City Florida Market Report ZIP Code 34990 Residential July 2013

Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for July 2013

 

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


There are currently 360 active listings (A decrease of 22 homes from June)

Active Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

153 Residential sales are pending and awaiting close or lender approval. (A decrease of 9 homes from last month)

Pending Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

70 Homes Sold in July (Increased by 1 home from June)

Sold Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 
The Palm City, zip code 34990, area of Martin County Florida continues to have impressive market activity.  But, the inventory is getting to levels that are starting to effect year to year numbers.  For the month, sales were up by 1 home while the pending sales decreased by 9. 
 
The current absorption rate remained steady at 5.5 months, which still indicates a slight sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2012 numbers were:  416 active listings, 169 pending sales and 63 closed sales.   Closed sales outperformed last years volume, but pendings are now off slightly.  I expect slower activity if the inventory continues to drop.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Market Summary - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

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Palm City Florida Market Report ZIP Code 34990 Residential July 2013

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