Hobe Sound FL 33455 Residential Market Report March 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2019

  For March 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 236 active listings. (Down by 20 homes from February)

93 Residential sales are pending and awaiting close  (Up by 27 homes from February)

35 Homes Sold in March (Down by 4 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice big jump in pending sales which should translate to strong sales in the coming months.  Unfortunately, closed sales were down slightly and there was a sizeable drop in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 6.7 months (It was 6.6 months in February).  Remaining in a balanced market for Hobe Sound residential real estate for a second month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2018 were:  194 active listings, 105 pending sales, and 45 closed sales.  Better all around activity last year with less inventory of available Hobe Sound homes for sale.

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Hobe Sound FL 33455 Residential Market Report February 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2019

  For February 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 256 active listings. (Up by 10 homes from January)

66 Residential sales are pending and awaiting close  (Up by 3 homes from January)

39 Homes Sold in February (Up by 13 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice increase in closed sales after a weak January.  Though the inventory is increasing and sales appear not to be keeping pace with them at this time.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 6.6 months (It was 9.5 months in January).  Returning into a balanced market for Hobe Sound residential real estate after one month as a buyer’s market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2018 were:  207 active listings, 80 pending sales, and 41 closed sales.  Slightly better sales activity last year, but also with a reduced number of homes for sale as compared to now.  With, that considered much better activity last year.

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Hobe Sound FL 33455 Residential Market Report January 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2019

  For January 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 246 active listings. (Up by 28 homes from December)

63 Residential sales are pending and awaiting close  (Up by 13 homes from December)

26 Homes Sold in January (Down by 13 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 showed a drop in closed sales and an increase in pending sales on greater inventory.  This segment of the Martin County residential real estate could use some improvement.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.5 months (It was 5.6 months in December).  Returning into a buyer’s market for Hobe Sound residential real estate after one month as a seller’s market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2018 were:  193 active listings, 74 pending sales, and 37 closed sales.  Much better activity last year even though there was less inventory of Hobe Sound homes for sale.

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Hobe Sound FL 33455 Residential Market Report December 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2018

  For December 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 218 active listings. (Up by 11 homes from November)

50 Residential sales are pending and awaiting close  (Down by 13 homes from November)

39 Homes Sold in December (Up by 21 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a rebound in closed sales after a terrible November.  There was a decline in pending sales that may affect closed sales in the months ahead.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.6 months (It was 11.5 months in November).  Returning into a slight seller’s market for Hobe Sound residential real estate after one month as a buyer’s market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2017 were:  189 active listings, 62 pending sales, and 24 closed sales.  A larger inventory this year and better closed sales volume.  Unfortunately, a  smaller number of pending sales.

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Hobe Sound FL 33455 Residential Market Report November 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2018

  For November 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 207 active listings. (Up by 13 homes from October)

63 Residential sales are pending and awaiting close  (Up by 14 homes from October)

18 Homes Sold in November (Down by 34 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a large drop in closed sales for November as compared to last month.  Inventory and pending sales rose for the month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 shot up to 11.5 months (It was 3.7 months in October).  Jumping into a strong buyer’s market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2017 were:  195 active listings, 52 pending sales, and 32 closed sales.  Better sales activity last year.

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Hobe Sound FL 33455 Residential Market Report October 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2018

  For October 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 194 active listings. (Up by 26 homes from September)

49 Residential sales are pending and awaiting close  (Down by 7 homes from September)

52 Homes Sold in October (Up by 4 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 showed an increase in inventory while also showing less pending sales when compared to last month. Our sales. however, remain quite strong in the Hobe Sound residential market.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose slightly to 3.7 months (It was 3.5 months in September).  Remaining in a strong seller’s market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2017 were:  212 active listings, 49 pending sales, and 29 closed sales.  Better activity this year. Interestingly, Hobe Sound residential is one of the few segments of the Martin County real estate market still showing lower inventory than last year.

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Hobe Sound FL 33455 Residential Market Report September 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2018

  For September 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 168 active listings. (Down by 4 homes from August)

56 Residential sales are pending and awaiting close  (Down by 25 homes from August)

48 Homes Sold in September (Up by 11 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice increase in closed sales and a drop in the pending sales.  Inventory remains a bit lower than we would prefer.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 3.5 months (It was 4.6 months in August).  Remaining in a strong seller’s market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2017 were:  177 active listings, 57 pending sales, and 28 closed sales.  Considerably better activity this year on a reduced number of homes available for sale.

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Hobe Sound FL 33455 Residential Market Report August 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2018

  For August 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 172 active listings. (Down by 20 homes from July)

81 Residential sales are pending and awaiting close  (Up by 13 homes from July)

37 Homes Sold in August (Down by 16 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a drop in closed sales for the month.  But, also, a rise in pending sales which should result in more sales in the coming months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.6 months (It was 3.6 months in July).  Remaining in a seller’s market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2017 were:  173 active listings, 62 pending sales, and 52 closed sales.  Better sales activity last year and better pending activity for this year.

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