Palm City Florida Market Report ZIP Code 34990 – Condo, June 2011

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for June 2011

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

There are currently 56 active condo listings. (Down 2 from May)

7 Condo sales are pending and awaiting close or lender approval. (Down 3 from last month)

3 Condos Sold in June. (An increase of 1 condo from May)

The real estate market activity for condos in Palm City, Florida – zip code 34990 did not change much from last month.  Pending sales decreased slightly, while closed sales were up by 1 unit.  The inventory continues to decline.  Typically condo sales for the Treasure Coast of Florida decline during the summer months and we usually see an increase in activity during the start of the next season around November and December.  The current inventory is fairly low and well-priced attractive units in desirable locations tend to get increased activity even in the off-season.