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

There are currently 468 active listings (A decrease of 14 homes from September)

138 Residential sales are pending and awaiting close or lender approval. (Increased 14 from last month)

41 Homes Sold in October (A decrease of 8 homes from September)

Other than closed sales, which were off by8 homes for October, the other trends were positive for Palm City (zip code 34990).  A decrease of inventory will make homes a bit more scarce and with the decrease in supply, prices should remain more stable than in previous months.  An increase in pending sales should mean more closed sales for the coming months.  With the holiday season coming up, we expect a decrease in activity for the season, following a gradual increase as we move into January.

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