Stuart FL 34994 Condo Market Report December 2017

Stuart FL 34994 Condo Market Report December 2017 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2017

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

There are currently 91 active condo listings (Down by 9 condos from November).

Stuart FL 34994 Condo Market Report December 2017

35 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from last month) 

Stuart FL 34994 Condo Market Report December 2017

15 Condos Sold in December (Decreased by 6 condos from November).

Stuart FL 34994 Condo Market Report December 2017

The Stuart FL 34994 Condo market showed slow but continued improvement from last month. Both pending and closed sales were up and a small rise in inventory.

The absorption rate for December decreased to 6.1 months compared to last month’s 4.8.  Back into a balanced market for this condo segment of Stuart’s 34994 zip code area after one month of 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 December the numbers were 86 active listings, 36 pending sales, and 13 closed sales.  Very similar activity compared to last year but with a slightly higher inventory of available condos for sale.

Stuart FL 34994 Condo Market Report December 2017

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Stuart FL 34994 Condo Market Report December 2017 

 

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