Stuart FL 34996 Condo Market Report October 2017

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

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

There are currently 130 active condo listings (Increased by 18 condos from last month).

24 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from September).

22 Condos Sold in October (Up by 1 condos from September) 

The Stuart FL 34996 Condo Market of Stuart continued with steady activity though pending sales were off which may indicate some slower sales numbers in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.9 months from September’s 5.3 months.  Still a seller’s market for this segment of Martin County condos but now very close to a buyer’s.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2016 were: 137 active listings, 23 pending sales and 11 closed sales.  One of the few areas of martin County with better activity this year when compared to 2016.

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