Stuart FL 34994 Condo Market Report February 2018

Stuart FL 34994 Condo Market Report February 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2018

For February 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 125 active condo listings (Up by 12 condos from January).

Stuart FL 34994 Condo Market Report February 2018

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

Stuart FL 34994 Condo Market Report February 2018

28 Condos Sold in January (Increased by 9 condos from January).

Stuart FL 34994 Condo Market Report February 2018

The Stuart FL 34994 Condo market continues to show positive resilts. Sales and pending sales both increased as well as the inventory of available condos for sale.

The absorption rate for January dropped to 4.5 months compared to last month’s 5.9.  Firmly back into a seller’s 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 February the numbers were 101 active listings, 28 pending sales, and 23 closed sales.  Stronger activity this year along with an increased inventory of condos available to purchase.

Stuart FL 34994 Condo Market Report February 2018

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Stuart FL 34994 Condo Market Report February 2018 

 

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