Stuart FL 34996 Condo Market Report June 2015

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

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

There are currently 102 active condo listings (Down by 1 condos last month).

28 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from May).

26 Condos Sold in June (Decreased by 7 condos from May) 

The Stuart FL 34996 Condo Market continued to be very active through June.  We are seeing a small slowdown of the activity level in this very hot segment of the Stuart FL condo market.  Though, we remain in a sellers market.  I anticipate some more easing as we go into the summer and fall months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from May’s 3.1  months.  Still a strong sellers market but soon to turn as we go into the summer months.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2014 were: 139 active listings, 33 pending sales and 17 closed sales.  Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

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