Stuart FL 34994 Condo Market Report December 2016

Stuart FL 34994 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2016

For December 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 86 active condo listings (Down by 12 condos from November).

Stuart FL 34994 Condo Market Report December 2016

36 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

Stuart FL 34994 Condo Market Report December 2016

13 Condos Sold in December (Down by 7 condos from November).

Stuart FL 34994 Condo Market Report December 2016

The Stuart FL 34994 Condo market had a drop in inventory for this month and an increase in pending sales but also a decrease in closed sales.

The absorption rate for December dropped to 6.6 months compared to last month’s 4.9.  Moving back into a balanced 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 December the numbers were 93 active listings, 29 pending sales, and 17 closed sales.   Similar activity as compared to last year with a bit more closed sales and slightly less pending sales from last year.

Stuart FL 34994 Condo Market Report December 2016

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2016

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