Stuart FL 34996 Condo Market Report March 2017

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

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

There are currently 148 active condo listings (Down by 5 condos from last month).

58 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from February).

36 Condos Sold in March (Up by 17 condos from February) 

The Stuart FL 34996 Condo Market of Stuart showed a continued reduction of available condos for sale (inventory) while sales and pending sales both rose.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 4.1 months from February’s 8.1 months.  Back into a sellers market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2016 were: 114 active listings, 53 pending sales and 29 closed sales.  Much stronger market this year when compared to last March.

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