Stuart FL 34994 Condo Market Report March 2016

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

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

There are currently 96 active condo listings (Up by 5 condos from February).

38 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

15 Condos Sold in March (Down by 5 condos from February).

The Stuart FL 34994 Condo market increased inventory while not increasing closed sales for march of 2016.  Pending sales rose which should be a good indication of increased future closed sales.

The one month absorption rate increased to 6.4 months compared to last month’s 4.6.   Currently a balanced market for condos in Stuart’s 34994 zip code area.  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 March the numbers were 95 active listings, 46 pending sales, and 15 closed sales.   Similar volume as last year, though pending sales are somewhat less for 2016.

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