Stuart FL 34996 Condo Market Report July 2017

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

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

There are currently 122 active condo listings (Decreased by 10 condos from last month).

43 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from June).

21 Condos Sold in July (Down by 5 condos from June) 

The Stuart FL 34996 Condo Market of Stuart had fewer sales for July when compared to last month but continues with very strong activity through the summer.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.8 months from June’s 5.1 months.  Remaining as a sellers market for this segment of Martin County condos, but mow almost a balanced market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2016 were: 120 active listings, 33 pending sales and 16 closed sales.  Stronger activity for this year when compared to July of 2016.

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