Stuart FL 34994 Condo Market Report December 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2014

For December, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 95 active condo listings (Up by 5 condos from November).

29 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month) 

10 Condos Sold in December (Down by 8 condos from November).

The Stuart FL 34994 Condo market took a small breather for the month of December.  Inventory remains low, though we dis have a small increase for the month.  I would anticipate more of an increase as we come into the spring market.  Closed sales were off considerably and pending sales remained positive.

The one month absorption rate decreased to 9.5 months compared to last month’s 5.  Back into a buyers market after several months of being in a sellers 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 December the numbers were 119 active listings, 39 pending sales, and 9 closed sales.  Similar activity for closed sales as last year, but still a lower inventory.   Pending sales were better last year.

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