Stuart FL 34994 Condo Market Report June 2018

Stuart FL 34994 Condo Market Report June 2018 

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

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

There are currently 83 active condo listings (Up by 2 condos from May).

Stuart FL 34994 Condo Market Report June 2018

55 Condo sales are pending and awaiting close or lender approval. (Decreased by 13 condos from last month) 

Stuart FL 34994 Condo Market Report June 2018

25 Condos Sold in May (Decreased by 9 condos from May).

Stuart FL 34994 Condo Market Report June 2018

The Stuart FL 34994 Condo market continues to show very strong activity.  Not quite as strong as last month, but still a ver active seller’s market.  We could use a greater inventory of condos for sale.

The absorption rate for May rose to 3.3 months compared to last month’s 2.4.  Remaining in a strong 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 June the numbers were 90 active listings, 39 pending sales, and 21closed sales.  The activity for this condo segment of the Stuart market remains more active when compared to last June.

Stuart FL 34994 Condo Market Report June 2018

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Stuart FL 34994 Condo Market Report June 2018 

 

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