Stuart FL 34996 Condo Market Report January 2015

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

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

There are currently 125 active condo listings (Down by 17 condos from last month).

60 Condo sales are pending and awaiting close or lender approval (Increased by 13 condos from December).

23 Condos Sold in January (Increased by 2 condos from December) 

The Stuart FL 34996 Condo Market is one of the bright spots for Martin County’s real estate market for January.  Nice increases in both pending and closed sales while many other segments of the January market were off this year.  Unfortunately our inventory of available condos is decreasing as well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 5.4 months from December’s 6.8 months .  Again back to a sellers’ market for January.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2013 were: 171 active listings, 49 pending sales and 15 closed sales.  Considerably better activity this year even with a greatly reduced inventory.

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