Stuart FL 34996 Condo Market Report January 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2017

For January 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 170 active condo listings (Up by 17 condos from last month).

31 Condo sales are pending and awaiting close or lender approval (Decreased by 4 condos from December).

22 Condos Sold in January (Up by 2 condos from December) 

The Stuart FL 34996 Condo Market of Stuart had small gains from last month with sales up slightly.  A fairly large jump in inventory along with a decrease in pending sales is a little troubling.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 remained basically unchanged at 7.7 months from December’s 7.65 months.  Remaining in a buyers 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 January 2016 were: 123 active listings, 37 pending sales and 11 closed sales.  Somewhat better closed activity for this year when compared with last year, but with a much larger number of condos available for sale.

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