Stuart FL 34996 Condo Market Report November 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2016

For November 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 153 active condo listings (Up by 16 condos last month).

34 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from October).

12 Condos Sold in November (Up by 1 condos from October) 

The Stuart FL 34996 Condo Market of Stuart showed some gains in sales as well as pending sales but not enough to offset some fairly large gains in inventory.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped to 12.8 months from October’s 12.5 months.  Remaining in a buyers 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 November 2015 were: 94 active listings, 32 pending sales and 16 closed sales.  Fairly similar closed and pending volume as compared to November of 2015, but the inventory is considerably higher.

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