Stuart FL 34996 Condo Market Report February 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2018

For February 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 141 active condo listings (Up by 1 condos from last month).

55 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from January).

29 Condos Sold in February (Up by 12 condos from January) 

The Stuart FL 34996 Condo Market of Stuart rebounded in closed sales from a weak January.  Though, the inventory continues to decline and if this trend continues there won’t be enough condos on the market to sustain strong activity.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 4.9 months from January’s 8.2 months.  Back into 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 February 2017 were: 153 active listings, 56 pending sales and 19 closed sales.  Impressively stronger sales on a reduced volume of available condos for sale.

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