Stuart FL 34994 Residential Market Report September 2014

Stuart FL 34994 Residential Market Report September 2014

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

 

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

There are currently 62 active listings (Decreased by 5 homes from August)

Stuart FL 34994 Residential Market Report September 2014

 

40 Residential sales are pending and awaiting close or lender approval (Up by 1 homes from August).

Stuart FL 34994 Residential Market Report September 2014

 

13 Homes Sold in September (Increased by 3 homes from August)

Stuart FL 34994 Residential Market Report September 2014

September activity for the 34994 ZIP code area of the Stuart, Florida showed improved market activity across the board during a typically slow time of the year.   Both closed and pending sales activity improved.  Unfortunately the available inventory of active listings continues to decrease.

The one month absorption rate for the 34994 zip code for September decreased to 4.8 months from last months 6.7 months.  For September we are 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 September 2013 numbers were 62 Active Listings, 36 pending sales and 9 closed sales.   Better activity for 2014 when compared to last year.

Stuart FL 34994 Residential Market Report September 2014

 

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 Residential September 2014

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