Palm City Florida Market Report ZIP Code 34990 Residential June 2013

Palm City Florida Market Report ZIP Code 34990 Residential June 2013

 

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

 

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


There are currently 382 active listings (A decrease of 9 homes from May)

[singlepic id=3740 w=500 h=500 float=center]

 

162 Residential sales are pending and awaiting close or lender approval. (A decrease of 5 homes from last month)

[singlepic id=3741 w=500 h=500 float=center]

 

69 Homes Sold in June (Decreased by 8 home from May)

[singlepic id=3742 w=800 h=800 float=center]

 
For the second month in a row, pending and sold homes have eased in the Palm City, zip code 34990, area of Martin County Florida.  Inventory decreased by 9 homes, basically negating the 9 home increase from last month. 
 
The current absorption rate rose slightly to 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 June 2012 numbers were:  441 active listings, 189 pending sales and 70 closed sales.  Even with a significantly reduced inventory, closed sales remain comparable to last year.  Pending sales, as a percentage are close as well.

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

[singlepic id=3743 w=700 h=700 float=center]

Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City, FL Real Estate

Rental Properties

Residential Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Palm City Florida Market Report ZIP Code 34990 Residential June 2013

Leave a Reply