Stuart FL 34996 Condo Market Report June 2014

Stuart FL 34996 Condo Market Report June 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2014

For June 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 139 active condo listings (Down by 6 condos from last month).

  33 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from May).

17 Condos Sold in June (Decreased by 9 condos from May) 

A second month in a row for decreasing activity in the Stuart FL 34996 Condo Market.   Both pending and closed sales were off from last month.  Unfortunately this segment of the Stuart condo market has slipped back into a bit of the doldrums.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 8.2 months from May’s 5.6 months .  Now back into a buyers market after more than a year of strong activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2012 were: 184 active listings, 31 pending sales and 17 closed sales.  Comparing this activity to last year, we are still more active when the reduced inventory is factored into the mix.