Stuart FL 34996 Condo Market Report October 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2018

For October 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 127 active condo listings (Up by 27 condos from last month).

22 Condo sales are pending and awaiting close or lender approval (Down by 8 condos from September).

19 Condos Sold in October (Down by 3 condos from September) 

The Stuart FL 34996 Condo Market of Stuart showed a good increase in inventory of available condos for sale.  Unfortunately. both pending and closed sales were down for October.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 6.7 months from September’s 4.5 months. Transitioning back into a balanced 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 October 2017 were: 130 active listings, 24 pending sales, and 22 closed sales.  Slightly better activity last year.

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