Stuart FL 34996 Condo Market Report May 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2015

For May 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (Down by 7 condos last month).

39 Condo sales are pending and awaiting close or lender approval (Decreased by 16 condos from April).

33 Condos Sold in May (Increased by 10 condos from April) 

The Stuart FL 34996 Condo Market continued to be very active through May.  Pending sales were off a bit, which is not unexpected as we head into the summer months.  Typically a slower time for condo sales on the Treasure Coast.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from April’s 4.8 months .  Still a strong sellers market but soon to turn as we go into the summer months.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2014 were: 145 active listings, 35 pending sales and 26 closed sales.  Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

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