Stuart FL 34996 Condo Market Report August 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2016

For August 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 120 active condo listings (Down by 2 condos last month).

33 Condo sales are pending and awaiting close or lender approval (Unchanged from July).

16 Condos Sold in August (Unchanged from July) 

The Stuart FL 34996 Condo Market of Stuart continues showing some weakness.  There was no change in sales or pending sales from last month with only a minor drop in inventory.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 inched down slightly to 7.4 months from July’s 7.5 months.  Continuing a second month of being sellers’ market for this segment of Stuart FL condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2015 were: 78 active listings, 53 pending sales and 20 closed sales.  A significant increase in available condos for sale as compared to last August while also having considerably less closed and pending sales.

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