Stuart FL 34994 Condo Market Report May 2015

Stuart FL 34994 Condo Market Report May 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2015

For May 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 91 active condo listings (Decreased by 2 condos from April).

Stuart FL 34994 Condo Market Report May 2015

38 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condo from last month) 

Stuart FL 34994 Condo Market Report May 2015

19 Condos Sold in May (Unchanged from April).

Stuart FL 34994 Condo Market Report May 2015

The Stuart FL 34994 Condo market showed strong activity for May 2015.  Slightly less inventory and pending sales for May, while closed sales remained unchanged for the third month in a row.

The one month absorption rate decreased to 4.8 months compared to last month’s 4.9.  Continuing as a seller’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last May the numbers were 111 active listings, 50 pending sales, and 27 closed sales. For the 34994 zip code area of Stuart there was considerably greater activity last year.

Stuart FL 34994 Condo Market Report May 2015

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, May 2015

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