Stuart FL 34994 Condo Market Report June 2014
Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2014
For June, 2013 in the 34994 Zip Code area of Stuart, Florida :
There are currently 111 active condo listings (Unchanged from May).
46 Condo sales are pending and awaiting close or lender approval. (Down by 4 condos from last month)
23 Condos Sold in June (Down by 4 condos from May).
A little slower market activity for the Stuart FL 34994 Condo market. Both closed and pending sales were off from May, but don’t let this fool you as this is one of the hottest areas of Martin County and Stuart.
The one month absorption rate dropped to 4.8 months compared to last month’s 4.1. Still 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 June the numbers were 112 active listings, 52 pending sales, and 17 closed sales. No major changes from last years activity.
Search here for Stuart Florida Real Estate for Sale ( Condos)
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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