Stuart FL 34996 Condo Market Report April 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2019

For April 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 124 active condo listings (Down by 7 condos from last month).

58 Condo sales are pending and awaiting close or lender approval (Up by 8 condos from March).

45 Condos Sold in April (Up by 21 condos from March) 

The Stuart FL 34996 Condo Market of Stuart had a very strong month for closed sales in April.  Pending sales also remained strong and improved from last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 2.8 months from March’s 5.5 months. Moving to a pretty extreme seller’s 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 2018 were: 125 active listings, 59 pending sales, and 39 closed sales.  Stronger performance this year with an almost identical inventory of available condos.

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