Stuart FL 34994 Condo Market Report September 2014

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

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

There are currently 95 active condo listings (Down by 10 condos from August).

42 Condo sales are pending and awaiting close or lender approval. (Up by 2 condos from last month) 

20 Condos Sold in September (Down by 2 condos from August).

 Still an active market for the Stuart FL 34994 Condo market.  Unfortunately, the inventory is getting low which means less of a choice for buyers coming into the area (or transitioning to new properties).  Pending sales are very strong while closed sales were down slightly for September.

The one month absorption rate remained basically unchanged at 4.75  months compared to last month’s 4.8.  Still a 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 September the numbers were 119 active listings, 48 pending sales, and 15 closed sales.  Overall better activity this year when the reduced inventory is factored in as percentages of market activity.

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