Stuart FL 34994 Condo Market Report April 2019
Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2019
For April 2019 in the 34994 Zip Code area of Stuart, Florida :
There are currently 115 active condo listings (Up by 10 condos from March).
34 Condo sales are pending and awaiting close or lender approval. (Down by 13 condos from last month)
25 Condos Sold in March (Down by 1 condo from March).
The Stuart FL 34994 Condo market continues to show very strong activity for the early Spring market. There are no signs of a slowdown for this segment.
The absorption rate for April rose to 4.6 months compared to last month’s 4.0 months. Still a seller’s 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 April the numbers were 97 active listings, 75 pending sales, and 28 closed sales. Considerably better activity last year when there was also fewer available Stuart condos for sale (inventory).
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