Stuart FL 34994 Condo Market Report November 2017

Stuart FL 34994 Condo Market Report November 2017 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2017

For November 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 100 active condo listings (Up by 8 condos from October).

Stuart FL 34994 Condo Market Report November 2017

31 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month) 

Stuart FL 34994 Condo Market Report November 2017

21 Condos Sold in November (Increased by 7 condos from October).

Stuart FL 34994 Condo Market Report November 2017

The Stuart FL 34994 Condo market showed slow but continued improvement from last month. Both pending and closed sales were up and a small rise in inventory.

The absorption rate for November decreased to 4.8 months compared to last month’s 6.6.  Back into a seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a balanced 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 November the numbers were 98 active listings, 30 pending sales, and 20 closed sales.  A little bit better activity this year as compared to last year, but very similar.

Stuart FL 34994 Condo Market Report November 2017

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Stuart FL 34994 Condo Market Report November 2017 

 

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