Stuart FL 34996 Condo Market Report April 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2017

For April 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 148 active condo listings (Unchanged from last month).

35 Condo sales are pending and awaiting close or lender approval (Decreased by 23 condos from March).

40 Condos Sold in April (Up by 4 condos from March) 

The Stuart FL 34996 Condo Market of Stuart had continued strong sales activity for April but a sizeable drop in pending sales.  This is often an indication of upcoming slower closed activity in the next few months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.7 months from March’s 4.1 months.  The second month of a sellers market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2016 were: 126 active listings, 48 pending sales and 37 closed sales.  Similar activity when compared to last year, but with a greater availability of condos this year.

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