Stuart FL 34996 Condo Market Report February 2019

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

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

There are currently 138 active condo listings (Up by 16 condos from last month).

51 Condo sales are pending and awaiting close or lender approval (Up by 13 condos from January).

16 Condos Sold in February (Down by 1 condo from January) 

The Stuart FL 34996 Condo Market of Stuart showed a nice increase in pending sales but a slight decrease in closed sales when compared to January.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 8.6 months from January’s 7.2 months. Remaining in a slight buyer’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 February 2018 were: 141 active listings, 55 pending sales, and 29 closed sales.  Slightly better activity last year.

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