Stuart FL 34996 Condo Market Report June 2017

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

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

There are currently 132 active condo listings (Decreased by 5 condos from last month).

40 Condo sales are pending and awaiting close or lender approval (Increased by 4 condos from May).

26 Condos Sold in June (Down by 4 condos from May) 

The Stuart FL 34996 Condo Market of Stuart had continued strong sales activity for June.  Just minor differences from last months strong activity.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.1 months from May’s 4.6 months.  Remaining as a sellers market for this segment of Martin County condos, but drifting towarsd a balanced market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2016 were: 74 active listings, 27 pending sales and 21 closed sales.  Stronger activity for this year when compared to June of 2016.

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