Stuart FL 34994 Residential Market Report June 2014

Stuart FL 34994 Residential Market Report June 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2014

 

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

There are currently 71 active listings (Decreased by 2 homes from May)

Stuart FL 34994 Residential Market Report June 2014

34 Residential sales are pending and awaiting close or lender approval (Up by 2 homes from May).

Stuart FL 34994 Residential Market Report June 2014

13 Homes Sold in June (Increased by 3 homes from May)

Stuart FL 34994 Residential Market Report June 2014

June activity for the 34994 ZIP code area of the Stuart, Florida showed positive results with both increased pending and closed sales.  The only caution is the continued decrease of inventory making for less potential home sales for the future.

The one month absorption rate for the 34994 zip code for June decreased to 5.5 months from last months 7.3 months.  A  shift back into a sellers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2012 numbers were 54 Active Listings, 36 pending sales and 11 closed sales.   Considering the increased inventory this year as compared to 2013, market activity is not quite as robust.

Stuart FL 34994 Residential Market Report June 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential June 2014

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