Stuart FL 34994 Condo Market Report May 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2014

For May, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 111 active condo listings (Unchanged from April).

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

27 Condos Sold in May (Up by 4 condos from April).

Better closed number for the Stuart FL 34994 Condo market.  Unfortunately, pending sales were off which typically signifies less closed sales in the near future.  Inventory of available condos remained unchanged.

The one month absorption rate dropped to 4.1 months compared to last month’s 5.  A strong 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 May the numbers were 113 active listings, 42 pending sales, and 30 closed sales.   Pretty similar activity to last year and continuing good solid activity.