Stuart FL 34994 Residential Market Report May 2014

Stuart FL 34994 Residential Market Report May 2014

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

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

There are currently 73 active listings (Decreased by 1 home from April)Stuart FL 34994 Residential Market Report May 2014

32 Residential sales are pending and awaiting close or lender approval (Up by 8 homes from April).

Stuart FL 34994 Residential Market Report May 2014

10 Homes Sold in May (Decreased by 5 homes from April)

Stuart FL 34994 Residential Market Report May 2014

After three straight months of increasing closed sales for the 34994 ZIP code area of the Stuart, Florida, May saw a decrease of 5 closed sales.  Pending sales which were off last month rebounded nicely, indicating a good possibility of increased closed sales in the coming months.  Unfortunately, the inventory continues to shrink making for less potential home sales for the future.

The one month absorption rate for the 34994 zip code for May increased to 7.3 months from last months 4.9 months.  A  shift back into a buyers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2012 numbers were 56 Active Listings, 42 pending sales and 9 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 May 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential May 2014

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