Stuart FL 34996 Condo Market Report July 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2016

For July 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 120 active condo listings (Up by 46 condos last month).

33 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from June).

16 Condos Sold in July (Decreased by 5 condos from June) 

The Stuart FL 34996 Condo Market of Stuart regained the lost inventory from last month while showing a little weakness in closed sales.  This is not uncommon for the summer months for Florida condo sales.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 7.5 months from June’s 3.5 months.  Into a slight sellers’ market for July.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2015 were: 92 active listings, 42 pending sales and 16 closed sales.  An equal number of closed sales from last year though we have less pending sales on a larger inventory of condos for this year..

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