Stuart FL 34994 Condo Market Report May 2017

Stuart FL 34994 Condo Market Report May 2017 

Stuart FL Snapshot for ZIP Code 34994, Condo Sales for May 2017

For May 2017 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 85 active condo listings (Down by 5 condos from April).

Stuart FL 34994 Condo Market Report May 2017

41 Condo sales are pending and awaiting close or lender approval. (Increased by 10 condos from last month) 

Stuart FL 34994 Condo Market Report May 2017

18 Condos Sold in May (Down by 11 condos from April).

Stuart FL 34994 Condo Market Report May 2017

The Stuart FL 34994 Condo market continues with solid activity levels.  Closed sales were off for the month when compared to the excellent numbers for April, but pending sales are up which should mean solid sales for the coming months.

The absorption rate for May increased to 4.7 months compared to last month’s 3.1.  Remaining in a sellers’ market for this condo segment of Stuart’s 34994 zip code area.  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 83 active listings, 43 pending sales, and 18 closed sales.  Very similar activity when compared to May of 2016.

Stuart FL 34994 Condo Market Report May 2017

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, May 2017

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