Stuart FL 34996 Condo Market Report December 2015

Stuart FL 34996 Condo Market Report December 2015

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

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

There are currently 102 active condo listings (Up by 8 condos last month).

Stuart FL 34996 Condo Market Report December 2015

31 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from November).

Stuart FL 34996 Condo Market Report December 2015

18 Condos Sold in December (Increased by 2 condos from November) 

Stuart FL 34996 Condo Market Report December 2015

The Stuart FL 34996 Condo Market of Stuart continues to do well.  Another increase in inventory that we were in bad need of.  And, pending and closed sales continue to do well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 5.7 months from November’s 5.9 months.  A small move towards a sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2014 were: 142 active listings, 47 pending sales and 21 closed sales.  Somewhat slower market activity for 2015 as compared to last year, though in large measure due to the reduced inventory of available condos for sale.

Stuart FL 34996 Condo Market Report December 2015

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report December 2015

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