Stuart FL 34994 Condo Market Report October 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2019

For October 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 101 active condo listings (Down by 2 condos from September).

36 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month) 

26 Condos Sold in September (Up by 7 condos from September).

The Stuart FL 34994 Condo market showed a nice increase in sales for October with little change in inventory as well as pending sales.

The absorption rate for October rose to 3.9 months compared to last month’s 5.4 months.  Remaining in a seller’s market for this condo segment of 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 nor sellers have an advantage in the real estate market.

Last October the numbers were 85 active listings, 45 pending sales, and 14 closed sales. We showed better-closed sales this year as opposed to lat year while pending sales were less.  The inventory of available condos for sale is also greater.

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Stuart FL 34994 Condo Market Report October 2019