Stuart FL 34996 Condo Market Report July 2015

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

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

There are currently 92 active condo listings (Down by 10 condos last month).

42 Condo sales are pending and awaiting close or lender approval (Increased by 16 condos from June).

16 Condos Sold in July (Decreased by 10 condos from June) 

The Stuart FL 34996 Condo Market moderated a bit for July.  Closed sales were down from the previous month and unfortunately the inventory continues to drop.  Surprisingly there was a large jump in pending sales which is a good indication for continued strong activity for the remainder of the summer..

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.8 months from June’s 3.9 months.  Drifting close to a balanced market for July.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2014 were: 143 active listings, 45 pending sales and 11 closed sales.  Better activity this year even though our inventory is significantly lower than it was in July of 2014.

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