Stuart FL 34994 Condo Market Report February 2016

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

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

There are currently 91 active condo listings (down by 11 condos from January).

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

20 Condos Sold in February (Up by 5 condos from January).

The Stuart FL 34994 Condo market picked up steam for the second month of 2016 with strong activity in all areas.  Increases in both sales and pending sales, though down in inventory.

The one month absorption rate increased to 4.6 months compared to last month’s 6.8.   Back into a strong sellers market after last months’ balanced one.  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 February the numbers were 95 active listings, 45 pending sales, and 12 closed sales.   Better closed activity this year with very similar inventory levels, with less pending sales though.

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